Competitive Power Ventures Group (CPV), a developer, owner and operator of utility-scale renewable and low-emission electric generation, and Harrison Street, an investment management firm exclusively focused on alternative real assets, have announced plans to expand their strategic partnership.
Harrison Street has executed an agreement to acquire one-third of CPV Renewable Power (CPV Renewables), a CPV Group affiliate. Through this investment, Harrison Street will support and accelerate CPV Renewables’ growing renewable-energy development business, which consists of nine operating and under-construction projects totaling more than 700 megawatts ac of wind and solar capacity, capable of powering more than 570,000 households. Financial terms were not disclosed.
“Our investment in CPV Renewables represents a significant opportunity for Harrison Street to expand our relationship with a trusted partner and support a premier renewable-energy platform that can quickly sca