A Inexperienced Lantern photo voltaic undertaking.
New York-based Dispatch Energy introduced the acquisition of Vermont neighborhood and industrial photo voltaic developer Green Lantern Solar. Dispatch Power, founded in 2024, will purchase over 64 photo voltaic and battery storage initiatives from GLS at numerous phases of improvement and operations, totaling 208.9 MWDC.
This acquisition expands Dispatch’s footprint within the rising distributed era market throughout Georgia, Maryland, West Virginia, New York, New Hampshire, Vermont, Maine, Minnesota and Wisconsin.
“Dispatch stays dedicated to the power transition and we’re excited to welcome Inexperienced Lantern’s staff, operations and belongings into our portfolio”, mentioned Richard Dovere, CEO of Dispatch Power. “We’re proud to have the chance to accumulate this wonderful founder-led enterprise.”
Dispatch will purchase 100% of Inexperienced Lantern’s operations, together with working and early-stage improvement belongings in addition to its O&M companies enterprise.
“This acquisition offers a wonderful consequence for GLS shareholders and workers,” mentioned Luke Shullenberger, founder and CEO of Inexperienced Lantern Photo voltaic. “We admire the execution-oriented method of Dispatch Power’s staff and imagine that the enterprise will proceed to develop beneath their management into the longer term.”
Information merchandise from Dispatch Power
