iSun invests in commercial solar developer Encore Renewable Energy
iSun is now continuing its business expansion with a minority investment in commercial solar energy developer Encore Renewable Energy. The investment will accelerate iSun’s C&I business and enable Encore to expand its geographic reach.
“This partnership reflects the steady progress we have made toward our three-pronged growth strategy,” said Jeffrey Peck, chairman and chief executive officer of iSun. “By deepening our long-standing relationship with Encore Renewable Energy, we will gain valuable insights into new geographic markets that we can use to further develop our C&I strategy. Equally important, we strengthen a long-term relationship with a partner whose values and commitment to innovation mirror our own. Encore’s experience reclaiming undervalued real estate for clean energy generation and storage, and revitalizing communities through the deployment of agrivoltaic solutions illustrates their understanding of the challenges often associated with acquiring buy-in to projects for the community-level clean energy development, ultimately reducing barriers to solar adoption. As a Certified B Corporation and a values-driven organization, Encore is a leader in creating a new industry standard. We are proud to have them as partners.”
“This new infusion of capital from iSun enables us to more than double our project development pipeline over the next 12 months,” said Chad Farrell, CEO and founder of Encore Renewable Energy. “Deploying complementary community-level solar and solar storage solutions in the Northeast and other strategic markets supports our ongoing work to accelerate the transition to a robust clean energy economy powered by low-cost, carbon-free renewables.”
News item from iSun