Forest Road Invests in Pathway Power to Improve Solar Vitality, Storage Progress

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Forest Road Renewables, a climate-focused infrastructure platform inside The Forest Road Co., has made a $36 million strategic funding in Pathway Power LLC, a renewable energy and battery storage developer. The funding allows Pathway Power to proceed scaling its portfolio of unpolluted energy tasks constructed to ship over 2 GW throughout North America.

Pathway Power will goal a steadiness of solar and storage alternatives throughout numerous markets. Pathway Power’s founding administration workforce are pioneers in renewables growth having beforehand led BayWa r.e., the place they amassed a pipeline of over 6 GW of utility scale solar and storage property all through North America and delivered over 1 GW to the market.

“With solar energy capacity poised to quadruple by the end of the decade, Pathway Power will build on this momentum to deliver utility-scale solar, storage, and hybrid assets to the market,” says Pathway Power Managing Partner Jam Attari. “We appreciate Forest Road’s confidence in our team and will continue to execute on our strategy of developing a portfolio that will help to drive the next stage of the renewable market’s evolution.”

“The Pathway Power partnership is the latest example of our ability to offer highly efficient, flexible, and creative capital solutions across the renewable energy ecosystem,” states Dan Rittenhouse, head of Forest Road Renewables. “We are thrilled to be a core partner in Pathway Power’s growth plans and look forward to advancing the proliferation of renewable energy alongside this experienced management team.”

Image: Mariana Proença on Unsplash

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