Denham Capital acquires Florida-based solar company Solops
In New Jersey, investment firm Denham Capital announced it has reached an agreement to purchase Solops, a Florida-headquartered commercial and industrial (C&I) solar developer. Denham said it will support the growth of the business including execution of Solops’ 800+ MW pipeline of project investments with an initial commitment of $200 million. Justin DeAngelis, partner and co-head of Sustainable Infrastructure at Denham Capital said: “Solops is a great opportunity for Denham Sustainable Infrastructure’s newest fund to help execute on our “buy and build” strategy, where we are supporting the growth of businesses led by industry experts. We have been supporting global investment in utility scale solar PV for over 15 years and Solops is our first investment in the distributed generations space, where we see lots of opportunities not only in the U.S. but globally.” Matthew Rosenblum, CEO and co-founder of Solops said: “Under this new ownership, Solops now becomes an independent power producer, giving it full control over the entire project life cycle in order to implement the Solops best practice policies and procedures which have been highly successful over the past twelve years.”
