Denham Capital has acquired Solops, a premier developer, financier, owner and operator of photovoltaic solar projects in the U.S. commercial and industrial sector.
Denham will support the growth of the business, including execution of Solops’ more than 800-megawatt pipeline of project investments, with an initial commitment of $200 million.
Solops’ distributed-generation solutions support customers in achieving decarbonization goals and simultaneously reduce operating costs. The Solops management team collectively has developed and built more than 3 gigawatts of C&I solar across 29 states and closed more than $2.1 billion of financings.
“Solops is a great opportunity for Denham Sustainable Infrastructure’s newest fund to help execute on our ‘buy-and-build’ strategy, where we are supporting the growth of businesses led by industry experts,” said Justin DeAngelis, partner and co-head of sustainable infrastructure at Denham Capital. “We have bee