Renewable Properties develops and invests in small-scale utility and community solar energy projects throughout the U.S. The firm works closely with communities, developers, landowners, utilities and financial institutions to site, finance and build solar projects. Founded in 2017 and based in San Francisco, Renewable Properties is focused on expanding its utility-scale and community solar pipeline and incorporating energy storage into projects. The company expects to start construction on 50 megawatts of solar capacity in 2020, with 30 megawatts expected to achieve commercial operation by year-end, and is executing community solar projects with MCE (Soscol Ferry Road and Silveira Ranch) as well as 16.8 megawatts across six utility-scale projects under construction with Duke Energy. Management aims to grow the business toward completing 100 megawatts of community-scale solar or more per year. The firm raised $30 million from funds managed by CarVal Investors to accelerate pipeline development, expand into new and existing markets, and pursue new project opportunities and acquisitions. Renewable Properties develops, finances, and operates small-scale utility and commercial solar energy projects across the United States. The company focuses on project development activities including land acquisition, interconnection applications and studies, permitting, and environmental reviews. It announced a $12.5 million capital commitment from New Energy Capital Partners to fund corporate and operating expenses and project-specific costs. Renewable Properties plans to bring approximately 75 MW DC of solar capacity online in 2018 and is actively hiring across the solar development value chain. The company was founded in 2017 and operates out of San Francisco. Capital from the closing is intended to support project acquisitions, development activities, and ongoing operations.

Total raised

$43M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2020