Longroad Energy has made a strategic investment in Valta Energy, a developer, owner, and operator of distributed generation projects based in Dana Point, Calif.
Valta develops and operates assets nationwide, with operating assets primarily in California, Massachusetts and Hawaii. The company has more than 200 megawatts of contracted solar assets in development, construction or operations.
Longroad's initial equity investment will provide growth capital to Valta’s development pipeline, positioning the company for more rapid expansion. In addition, Longroad has the option to invest even more equity capital within the next three years.
“We are very pleased to establish this partnership with Valta,” said Paul Gaynor, CEO of Longroad. “We are impressed with its business and market focus, and anticipate the funding will unleash the highly capable management team to do even greater things in the DG space.”