Hull Street Energy has agreed to acquire the management team and development pipeline of Foundation Solar Partners, an independent renewable development company that specializes in identifying and developing utility-scale solar generation projects in select markets in the eastern United States. Financial terms were not disclosed.
Since its inception in 2019, Foundation Solar Partners has developed and sold 1 gigawatt of solar projects in the PJM transmission territory.
Through affiliates, Hull Street Energy will own 52 power generation stations providing 900 megawatts of renewable, gas-fired and dual-fueled generation capacity, in addition to the growing Foundation Solar Partners development project portfolio, to support transitioning grid operations throughout the United States.
