January 13, 2021
Chicago-based Harrison Street acquired five portfolios of commercial and industrial solar assets from Ecoplexus, Inc., a leading global developer and owner of renewable energy projects. Deal terms weren’t disclosed. The portfolio comprises 101.9 megawatts of operating solar capacity from Ecoplexus’ Distributed Generation portfolio in California and its Community Solar Garden portfolio in Minnesota.
The assets will generate 142 million kilowatt-hours of solar power for the State of California, and investment-grade municipalities, universities, schools, and hospitals under long-term contacts.
Carolyn Arida, director and head of utilities for Harrison Street, said, “Harrison Street is committed to investing in mission-critical infrastructure assets across the U.S. and we look forward to working with Ecoplexus to contribute to decarbonization and meet renewable energy needs for California and Minnesota markets.”
Since 2018, Harrison Street has committed nearly $400 million in equity across investments in wind, solar, power, hydroelectric and district energy.
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Tags: Acquisition, Technology
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