ARDMORE, PA — Prospect14 announced the recent sale of approximately 1 GWdc of solar and solar + storage projects located in Virginia and Pennsylvania to a large institutional investor.
“Prospect14 is pleased to be able to deliver value to an institutional investment platform through our scaled origination approach, providing qualified and ready-to-develop assets at scale,” said Geoffrey S. Underwood, a Partner of Prospect14.
“As the US solar market continues to mature, we are encouraged to see institutional investors step into mid-stage solar development as a confirmation of the value creation opportunity available through the development process. This is a milestone in the mainstreaming of solar as a desired asset class,” said Carl J. Jackson, a Partner of Prospect14.
Jefferies LLC served as financial advisor to Prospect14 on the transaction. GreeneHurlocker, PLC served as legal advisor to Prospect14.
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