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CleanCapital Acquires Renewable Energy Developer BQ Energy.

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MANews-(C)2009-2022

US-based clean energy investment platform CleanCapital has acquired landfill and brownfield renewable energy development specialist BQ Energy, the firm said.

BQE develops community solar, commercial and industrial solar, and utility-scale solar assets on landfills and retired industrial sites including refineries, steel mills, coal plants, and mines, converting environmentally compromised land into a source of clean, renewable energy for the benefit of surrounding communities.

CleanCapital has acquired 100% of the ownership interests in BQE.

CleanCapital said it will fund the development of projects in BQE's substantial long-term pipeline, deploying capital to projects that not only advance the energy transition but also put underutilized and polluted land to new use with myriad climate and community-related benefits.

The acquisition of BQE includes a pipeline of late-stage development solar projects totaling over 300mw and mid-stage development solar projects totaling more than 700mw.

This acquisition solidifies CleanCapital's deepening position in the clean energy market; since early 2021, its focus has evolved from acquiring operating solar assets to a more expansive approach including development and construction of solar and storage assets.

This acquisition, along with a 65mw acquisition announced in February, is part of a series of...

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