Sol Systems has announced the acquisition of the 200 MW-ac Lumberton Solar Project from DESRI, further expanding its clean energy portfolio. Located in Hardin County, Texas, this project supports Sol Systems' strategy of owning and operating clean energy infrastructure. The acquisition reflects the company's disciplined approach to growth through strategic acquisitions. It is expected to bring significant economic benefits to the local community during its operation.
Company Information
Company
Sol Systems
Location
Connecticut Avenue Nw
Washington, United States
About
While Vickerman was at Silicon Ranch, the company grew its portfolio from 50 MW in operating solar assets to over 2.2 GW in operating and contracted solar assets. The company also actively shapes and trades in environmental commodity and electricity markets throughout the United States. Sol Systems is currently developing over 2 GW of new solar projects worth over $1 billion across the U.S. About Sol Systems Sol Systems is a leading national solar energy firm with an established reputation for integrity and reliability across its development, infrastructure and environmental commodity businesses.
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Strategic
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Frequently asked
Who acquired DESRI?
DESRI was acquired by Sol Systems, based in Washington. The deal was reported on August 21, 2026. While Vickerman was at Silicon Ranch, the company grew its portfolio from 50 MW in operating solar assets to over 2.2 GW in operating and contracted solar assets. Sol Systems is privately held and operates in Energy.
When did Sol Systems acquire DESRI?
Sol Systems's acquisition of DESRI was reported on August 21, 2026. Sol Systems has announced the acquisition of the 200 MW-ac Lumberton Solar Project from DESRI, further expanding its clean energy portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does DESRI do?
Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI's discretion. It is privately held, operating in Sustainability, and is based in New York.
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