Neighborhood photo voltaic firm Perch Energy at the moment introduced the acquisition of Solstice, a buyer acquisition and administration firm in the neighborhood photo voltaic house.
A photo voltaic challenge in Westchester County, New York, owned by DSD Renewables, managed by Perch Vitality. Photograph credit score: DSD Renewables
This deal establishes Perch as one of the crucial skilled and largest pure-play group photo voltaic acquisition and administration servicing platforms in the USA. It strengthens Perch’s acquisition and administration capabilities and its market footprint throughout all group photo voltaic markets. Solstice provides extremely expert expertise, gross sales and operational expertise, in addition to further monetary funding into Perch Vitality.
Following the acquisition of Solstice’s operational and under-contract photo voltaic tasks and subscribers, Perch will handle over 3 GW of photo voltaic capability throughout 1,000+ photo voltaic tasks in 16 states, serving over 450,000 residential buyer equivalents with proprietary software program expertise and automation. Solstice will contribute a portfolio of contracted photo voltaic tasks representing 550 MW of capability.
Immediately’s acquisition comes after Perch and Arcadia announced a brand new enterprise in 2025 combining each firms’ group photo voltaic companies to create a brand new standalone firm.
“Neighborhood photo voltaic continues to evolve, mature, and thrive in offering robust recurring clear vitality financial savings to all American customers throughout a dynamic vitality transition impacting the U.S. This transition requires probably the most lively firms, like Perch and Solstice, to likewise rework and be part of forces to develop supply of the perfect providers to customers, challenge homeowners and builders,” mentioned Bruce Stewart, CEO of Perch Vitality.
Solstice was previously owned by MyPower, a wholly-owned subsidiary of Mitsui & Co. Sandhya Murali, co-founder and CEO of Solstice, and Tyler Yasa, Solstice’s VP of development and asset administration, will assume key management roles at Perch Vitality, amongst different Solstice staff becoming a member of the corporate.
Information merchandise from Perch Vitality
