Onyx Renewable Partners L.P., a company focused on the development and finance of commercial and industrial (C&I) and small scale utility solar projects in North America, has closed a deal to acquire a portfolio of C&I assets from SunEdison.
The portfolio consists of assets in California, Arizona, Massachusetts, and Vermont.
Onyx is a renewable energy development company established by funds managed by Blackstone Energy Partners that is focused on greenfield development in the North American solar and wind sectors. The Onyx team brings over 250 years of collective industry experience and perspective, having developed more than 1 GW of renewable projects.
Matt Rosenblum, CEO of Onyx, said:
“We are excited to further advance our C&I footprint with this broad array of projects.”
We have recently reported about several SunEdison's deals. In July 2016, Pattern Energy Group reached an agreement with SunEdison to acquire development rights for the 600 MW King Pine wind project for US$26.5 million. Previously in May 2016, Colbún acquired a stake in SunEdison's projects in Chile: the 145 MW Olmué Solar Park in the region of Valparaíso and the 57 MW Santa Sofía Solar park in Santiago.
See more transaction in our M&A database.