hep Energy USA, the US affiliate of the HEP Kapitalverwaltung AG, a German-based clean energy fund, has announced the formation of Emerald Garden Holdings, a strategic partnership with Solops, LLC, a leading national C&I solar developer. This partnership will drive hep’s North American investment strategy to develop more than 200 megawatts (MW) of C&I solar annually.
Zorya Energy Advisors led the buy-side process on behalf of hep.
“We are excited about adding more C&I solar to our portfolio, allowing us to support organizations who seek to combine financial sustainability with environmental responsibility. In Solops, we have found a very responsive and agile partner with more than a decade of experience in the sector.” said Christian Hamann, hep’s founder.
“Our partnership with Solops rounds out hep’s strategic endeavor in the US distributed solar market,” added Alexander Zhou, hep’s SVP for North America. “Solops has strong C&I development experience throughout the US, especially in the Northeast and mid-Atlantic regions. We can leverage the complementary strengths within our US portfolio to deliver above average results for our investors.”
“We are excited to partner with hep, an experienced worldwide solar player, to streamline project sourcing, development, EPC, and O&M. This partnership enables us to bring some of the lowest cost capital into the space.” said Matthew Rosenblum, Founder and CEO of Solops. “The combined capabilities of Emerald Garden Holdings will shift C&I market dynamics and drive clients’ sustainable energy objectives.”
“This partnership allows us to execute on the regulatory changes taking place in markets across the North East and mid-Atlantic, and continue our holistic approach for stakeholders in corporations, non-profits, and government agencies, creating a win-win for our local communities.” added Ryan Marrone, President of Solops.
“This strategic partnership is a big win for hep, Solops, and the forward-thinking organizations seeking to lower their energy costs, and reduce their carbon footprint,” stated Paula Zagrecki, CEO of Zorya Energy Advisors.