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Eagle Creek Renewable Energy completes acquisition of Lightstar Renewables to expand its community solar portfolio

PRIVATEMar 19, 2024

Acquiring Company

Eagle Creek Renewable Energy

Acquired Company

Lightstar Renewables

BethesdaBostonEnergyRenewable EnergySolarEnergyRenewable EnergySolar

Description

An affiliate of Eagle Creek Renewable Energy has successfully acquired Lightstar Renewables, a community solar developer and owner and operator of community solar farms in the United States. Under Eagle Creek’s ownership, Lightstar will transition its full development pipeline, including fully owned assets and projects under construction, to Eagle Creek. This acquisition will enable Lightstar to execute on its growth plans to become a premier community solar independent power producer in North America.

Quick answer

Eagle Creek Renewable Energy is acquiring Lightstar Renewables, announced March 19, 2024. Eagle Creek Renewable Energy is based in Bethesda, Maryland, United States.

How much did Eagle Creek Renewable Energy pay for Lightstar Renewables?
The deal value was not disclosed.
What does Eagle Creek Renewable Energy do?
Eagle Creek Renewable Energy was founded in 2010 to acquire, enhance, and operate small hydroelectric power facilities.
Where are Eagle Creek Renewable Energy and Lightstar Renewables based?
Eagle Creek Renewable Energy is based in Bethesda, Maryland, United States. Lightstar Renewables is based in Boston, Massachusetts, United States.

Source: Fundz verified event record.

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Company Information

Company

Eagle Creek Renewable Energy

Location

Bethesda, Maryland, United States

About

Eagle Creek Renewable Energy was founded in 2010 to acquire, enhance, and operate small hydroelectric power facilities. Eagle Creek’s affiliates currently own and operate 84 hydroelectric facilities representing 691 megawatts of capacity across the United States. Eagle Creek also has minority ownership interests equivalent to approximately 12 megawatts in 14 other hydroelectric facilities and a solar facility in New England. Eagle Creek is a wholly owned subsidiary of Ontario Power Generation, one of the largest, most diverse power generators in North America.

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Frequently asked

Who acquired Lightstar Renewables?

Lightstar Renewables was acquired by Eagle Creek Renewable Energy, based in Bethesda. The deal was reported on March 19, 2024. Eagle Creek Renewable Energy was founded in 2010 to acquire, enhance, and operate small hydroelectric power facilities. Eagle Creek Renewable Energy is privately held and operates in Energy.

When did Eagle Creek Renewable Energy acquire Lightstar Renewables?

Eagle Creek Renewable Energy's acquisition of Lightstar Renewables was reported on March 19, 2024. An affiliate of Eagle Creek Renewable Energy has successfully acquired Lightstar Renewables, a community solar developer and owner and operator of community solar farms in the United States. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lightstar Renewables do?

Lightstar Renewables is a community solar developer and owner and operator of community solar farms in the United States. It is privately held, operating in Energy, and is based in Boston.

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