Headwater Energy Acquires Arena Renewables and Its ~1 GW Distributed Solar and BESS Pipeline
Headwater Energy has completed the acquisition of Arena Renewables, a leading US distributed generation solar and battery energy storage developer with a pipeline of nearly 1 GW. Arena's leadership team will continue to operate the business, supported by Headwater's capital resources, construction financing and tax equity capabilities to accelerate development timelines.
Transaction date: · Source: prnewswire.com
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 1,000 MW
- Transaction price
- Not disclosed
- Buyer
- Headwater Energy
- Seller
- Arena Renewables
- Country
- United States
- Continent
- North America
- Development status
- Under Development
- PPA
- n.a.
Technology details
Distributed generation solar and battery energy storage system (BESS) development platform with a pipeline of nearly 1 GW across select US markets. Community and distributed solar and storage projects at various development stages.
Additional information
Full company acquisition. Arena Renewables' leadership team will continue to operate the business under Headwater's ownership. The acquisition provides Arena with investment capital, construction financing, tax equity and related capital solutions to accelerate project timelines from development to placed-in-service. Arena was founded in July 2023. Headwater Energy has over 3.5 GW of active solar development and a substantial portfolio of operating solar projects. Financial terms not disclosed.
Source
Original announcement: https://www.prnewswire.com/news-releases/headwater-energy-acquires-arena-renewables-302751829.html