Harrison Street and independent power producer Soltage have invested in a 20-megawatt portfolio of community solar assets and Public Utility Regulatory Policies Act (PURPA) solar projects located in North Carolina, South Carolina and Maine.
The portfolio serves customers including investor-owned utilities purchasing electricity via PURPA contracts, as well as U.S. businesses buying solar energy to meet clean energy goals and lock in reduced electricity costs. The portfolio will increase access to reliable, clean energy and foster local job creation.
This is the second investment for Harrison Street and Soltage’s Iris vehicle, which announced a $250 million partnership to fund solar and other clean energy infrastructure assets in March to deploy 450 megawatts of new distributed solar and storage projects across the United States. The assets will be owned by the partnership and operated by Soltage. The partnership’s first investment was a 14.5-megawatt portfolio of s