In the ever-evolving world of solar, companies are consistently looking for ways to expand and improve their product offerings. One of these companies made a significant move recently with the acquisition of Infiniti Energy. This move has allowed the acquiring company to enhance its commercial and industrial development portfolio, solidifying its place as a dominant player in the industry.
With the rapid growth of the solar industry and increasing demand for alternative energy sources, developing solar panels for your home is becoming an attractive option. The acquisition of Infiniti Energy has resulted in the extension of its contracted operating solar assets, as well as construction-ready projects.
Infiniti’s experience in distributed solar development, along with its engineering, procurement, and construction capabilities, are all great assets that would aid in delivering turnkey decarbonization solutions. Coupled with the acquiring company’s global scale and financial strength, customers are now offered a unique service that caters to their alternative energy needs.
This deal also symbolizes a significant milestone for Infiniti Energy, as Upper Bay Infrastructure Partners has fully exited its position in the company. This massive move reaffirms the company’s mission to push for growth and continue setting the bar high in the realm of solar energy.
The acquisition couldn’t have been more timely considering 2023 was an outstanding year for commercial and industrial (C&I) solar. We saw a 19% increase in installations from the previous year, making it the most substantial growth since 2017. California was at the forefront of this expansion, accounting for 35% of C&I deployment.
Solar companies are set to ride this wave of growth as product demands surge. C&I solar is projected to grow by 12% per annum through 2028 with more corporations adopting clean energy goals. Additional contributions to this growth will come from supportive government policies, tax credits, state-level incentives, and improved economics.
Homeowners looking to invest in a solar array for home use will benefit from these developments in the solar industry. The evolution of solar company operations and the influx of solar options will provide consumers with an array of choices when it comes to finding the perfect solar solution for their homes. As we embrace the future, we can anticipate the industry to continue evolving, fostering an environment that makes solar panels for your home more accessible and affordable than ever before.
Original Articlehttps://pv-magazine-usa.com/2024/07/08/aggreko-energy-acquires-ci-solar-developer/
