Fengate Asset Management has closed on a brand new growth partnership with 42 Renewables and launched Fengate Distributed Generation Partners. The new platform is targeted on buying, growing, establishing and working distributed era solar, DG solar plus battery storage and DG battery storage tasks. Target market segments embrace group solar; municipal, college, college district and hospital; business and industrial; and small utility-scale tasks.
Fengate’s growth accomplice in Fengate Distributed Generation Partners is 42 Renewables, led by Ja Kao, most not too long ago president and CEO of Onyx Renewable Partners, the place she constructed a nationwide DG solar platform. Kao additionally serves as a board member for the American Council on Renewable Energy.
“We are focused on building Fengate Distributed Generation Partners into a top 10 DG solar development company with a proven development team led by Ja,” says Greg Calhoun, managing director of infrastructure investments at Fengate. “The DG market is fragmented and growing, and we are excited to deliver on our targets.”
“We are thrilled to begin this new partnership with Fengate and look forward to creating a company that contributes meaningfully to the goal of building accessible clean energy for all stakeholders,” provides Kao.
Fengate is managing this partnership on behalf of its infrastructure buyers, together with an funding fund owned by the LiUNA Pension Fund of Central and Eastern Canada.