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M&AClosedAugust 29, 2022

11-project 1,171 MW operating solar portfolio across 8 states

Onward Energy acquires 1,171 MW operating solar portfolio (11 projects, 8 states) from Global Atlantic. Expanded Onward to 4.3 GW renewables across 22 states. KeyBank-led debt financing.

Undisclosed (estimated >$1B)

Deal Value

1,171MW

Capacity

Solar

Technology

Multi-state

Location

MarketsSolar

Deal Details

Deal Type
Project & Portfolio M&A
Buyer / Financier
Onward Energy (Capital Power-managed)
Deal Value
Undisclosed (estimated >$1B)
Stage
Operating
ISO/RTO
Multiple

Finance Counterparties

Lenders & Capital Providers

lenders
KeyBank

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