Birch Creek Energy, a St. Louis-based renewable energy company, announced the acquisition of Foundation Solar Partners, a Washington, D.C.-based solar developer focused on greenfield origination of solar projects primarily in MISO and PJM markets.
The seller was Hull Street Energy. The sales price was not disclosed.
Foundation Solar has developed and sold more than 800 megawatts (MW) of solar projects and has amassed an additional pipeline of nearly 5 gigawatts (GW) of solar and storage projects in its first three years of operation. Foundation Solar has seven employees with more than 65 years of experience at companies including Cypress Creek Renewables and SunEdison. Together, Birch Creek and Foundation Solar have developed more than 1.7 GW of solar and storage projects since 2019 and have a combined development pipeline of 13.5 GW in varying stages of development.