Solariant Capital, a renewable energy investment and development company headquartered in Pasadena, Calif., has entered into a strategic co-development and co-investment partnership with Daiwa Energy & Infrastructure Co. (DEI), a subsidiary of Daiwa Securities Group and a global energy and infrastructure investor.
The partnership will initially focus on developing Solariant’s portfolio of U.S. renewable energy projects and acquiring other development-stage projects. The initial portfolio of projects is located across the Southeast and Southwest United States with more than 1 gigawatt AC of solar and 2.5 gigawatt hours of BESS projects under development. Through the equity partnership, the companies are seeking to aggressively expand their U.S. renewable energy portfolio and accelerate development efforts. DEI is committed to supporting Solariant's development efforts with its global development experiences and financial resources.
“With the current favorable en