Hello solar enthusiasts! There are some exciting updates in the world of solar that I just can’t wait to share with you. Persistence and innovation are key driving forces behind the advancements in solar companies, particularly with reference to one recent acquisition in the market. Just to remind you, when I reference solar companies, I’m referring to businesses dealing primarily in deploying solar panels for your home, commercial places, or community-based setups.
Let’s dive right in – Nova Infrastructure, a middle-market infrastructure investment firm, has made waves by acquiring a whopping 70% of shares of UGE International. For those who aren’t familiar with it, UGE International is a very reputable solar company and an energy storage operator, very much at the forefront of solar advancements.
From my perspective, this is an indicator of substantial faith and confidence in the future of solar energy. The fact that UGE International is a solar operator and developer specializing in rooftop and ground mount commercial, industrial, and community solar energy solutions, adds merit to this contention, stirring excitement amongst both investors and consumers alike.
Since its inception in 2010, UGE has been making strides in the realm of solar energy. They develop, build, finance, own and operate a variety of solar and battery storage projects in a number of US states including New York, New Jersey, Maine, California, Pennsylvania, Oregon, Texas, Illinois, Maryland, Virginia, and Massachusetts. Just imagine the number of solar panels for your home they could facilitate!
UGE’s impact is evident as its solar array for homes, businesses, and communities has delivered over 500 MW of projects. It currently boasts a portfolio of more than 12 operating and 81 advanced backlog projects spread across 11 states. UGE’s strategy is underpinned by being a community solar and battery storage platform with a vertically integrated business model and a diversified project portfolio.
This acquisition is a testament to the promising future of solar energy. Nova Infrastructure’s significant investment in UGE suggests their faith in the expanding scope of the solar company, and by extension, the solar industry as a whole.
In conclusion, solar companies continue to alter the energy landscape by providing clean, affordable energy solutions. Remember, the best time to install a solar array for your home is now! The prospects of solar are only becoming brighter, leaving us to anticipate what exciting developments the future holds for the increasing integration of solar energy into our day-to-day lives.
Original Articlehttps://pv-magazine-usa.com/2024/08/21/nova-infrastructure-acquires-community-solar-company-uge-international/
