Strata Clean Energy is buying Phoenix, Arizona-based Crossover Energy Partners, a utility-scale renewable vitality undertaking developer. This acquisition expands Strata’s choices and incorporates Crossover’s buyer origination and energy offtake competencies and different renewable vitality companies, together with decarbonization and the event of recent applied sciences like inexperienced hydrogen.
“Strata’s acquisition of Crossover bolsters our capacity to convey high-value vitality options to our purchasers throughout a number of market segments and geographies,” mentioned Joshua Rogol, chief growth officer for Strata. “The Crossover crew has a well-defined observe report of modern product growth and financing of differentiated energy offtake buildings. The mixture of our platforms will probably be helpful to Strata as we develop our growth pipeline to over 15 GW this yr.”
Strata intends to leverage Crossover’s expertise in large-scale undertaking growth, working with municipalities, electrical cooperatives, group selection aggregators, investor-owned utilities and industrial entities, to pursue utility-scale photo voltaic and storage initiatives.
“Crossover’s observe report illustrates the significance of product design and offtake origination to maximise worth for renewable initiatives. Combining our crew with the skilled growth capabilities at Strata will probably be a win-win and an evolution that our complete crew is trying ahead to,” mentioned Tiago Sabino Dias, CEO of Crossover.
The specifics of the acquisition stay confidential, however Strata is buying 100% of Crossover’s property and curiosity in its growth platform.
Information merchandise from Strata Clear Vitality