Wednesday, April 17, 2024

Scale Microgrids Acquires 500 Megawatts of Community Solar Projects Across the United States

Scale Microgrids, announced that it has entered into a definitive agreement with Gutami, Inc. to acquire 500 megawatts of distributed solar and storage projects across multiple states including California and New York.

Building on their successful existing 100 megawatt partnership in New York, Scale and Gutami have executed an expansion agreement under which Gutami will develop 500 megawatts of energy transition infrastructure assets, which Scale will acquire, finance and own.

This deal with Gutami adds to Scale’s growing portfolio of community solar projects across the country, with the capacity to power over 80,000 homes and small businesses and reduce annual CO2 emissions by around 800,000 tons.

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“As we kick off 2024, we’re thrilled to announce continued progress on our company’s rapid growth. This expansion of a successful relationship is central to our mission of powering the world with clean, distributed energy,” says Scale’s Chief Executive Officer, Ryan Goodman. “Community solar continues to be a priority for Scale for both its inclusivity and ability to provide more options to our microgrid customers. Community solar is a great option for those who are unable to install rooftop solar because they are renters, can’t afford solar, or because their property is not suited for it.”

“We are excited to close this second deal with Scale. After our first success in New York, we were able to expand to other states,” says Gerben Pek, Gutami’s Chief Executive Officer. “The fast decision-making processes by local governments combined with clear legal structures and a well-functioning legal system, enables us to accelerate our growth in community solar in the US.”

SOURCE : BusinessWire

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