Greenskies Renewable Energy, a developer of commercial and industrial (C&I) solar-power facilities, has successfully completed a transaction that allows prior investors to rotate out, and brings a strong financial partner, JLC Infrastructure, to accelerate the platform’s expansion in the high-growth C&I and municipal sectors.
As part of the transaction, JLC formed Greenskies Clean Energy to acquire substantially all of the assets and employees of Greenskies Renewable Energy. The rebranding enables the company to focus on clean-energy solutions, including solar power, battery storage and emerging technologies, while retaining its long track record and experienced team.
Greenskies controls a portfolio of more than 100 megawatts of contracted solar projects to be completed during the next 18 months and a pipeline of more than 500 megawatts in various stages of development.
“The opportunity to invest in C&I clean energy infrastructure at this scale a