Activate Renewables, an acquirer of real estate and royalty interests in wind, solar and energy storage, has closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy.
The portfolio consists of real estate related to five solar projects located across North Carolina and Texas. Terms of the deal were not disclosed.
Activate works with developers to purchase land, leases or purchase options associated with high-quality renewable projects. Activate is funded by D.E. Shaw Renewable Investments with permanent capital that is lower in cost than equity and comes without the restrictions of debt.
“By separating the cost of the land, Activate was able to assist us with improving both our returns and tax efficiency on this project,” said Lacie Clark, CEO of Alchemy Renewable Energy. “We look forward to working with Maria and her team in the future to help us optimize our economics by financing the real estate separately fro
