News

Prospect14 Announces Sale of One Gigawatt Solar Project Portfolio in PJM

Wednesday, November 17, 2021

Prospect14, a leading clean energy development and investment firm, is pleased to announce the sale of approximately 1 GWdc of solar and solar + storage projects located in Virginia and Pennsylvania to a large institutional investor.

“Prospect14 is pleased to be able to deliver value to an institutional investment platform through our scaled origination approach, providing qualified and ready-to-develop assets at scale,” said Geoffrey S. Underwood, a Partner of Prospect14.

“As the US solar market continues to mature, we are encouraged to see institutional investors step into mid-stage solar development as a confirmation of the value creation opportunity available through the development process. This is a milestone in the mainstreaming of solar as a desired asset class,” said Carl J. Jackson, a Partner of Prospect14.

Jefferies LLC served as financial advisor to Prospect14 on the transaction. GreeneHurlocker, PLC served as legal advisor to Prospect14.

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