CohnReznick Capital Advises Kruger Energy on Sale of 523MWDC Solar Portfolio
Kruger Energy (“Kruger”), a business unit of Kruger Inc. specializing in the development and management of renewable energy power plants, has sold a 523MWdc mid-stage solar development portfolio to Ecoplexus, a leading renewables IPP. The development portfolio, located in Georgia and Tennessee, will provide clean energy to hundreds of thousands of households in the Southeast upon completion.
As a part of the sale, Ecoplexus will continue developing the five-project portfolio, with targeted commercial operation dates in 2022 and 2023. The portfolio is well-positioned in the Southeast – one of the fastest-growing solar markets with strong increased demand from utility, cooperative, and corporate offtakers.
CohnReznick Capital served as exclusive financial advisor to Kruger Energy on the transaction.
For additional details on this transaction, please contact:
Conor McKenna
Senior Managing Director
conor.mckenna@cohnreznickapital.com
About Kruger Energy
Kruger Energy is a business unit of Kruger Inc. and specializes in the development and management of renewable energy power plants. Kruger Energy manages and operates 42 production sites across North America, ranging from hydroelectric, wind, solar, energy storage, and biomass cogeneration plants, with a total installed capacity of 542 MW.
About Ecoplexus Inc.
Ecoplexus is a leading international, integrated midsize renewable energy and energy storage developer, owner, and operator with a proven record of development, growth and profitability. Since its establishment in 2008, Ecoplexus has expanded its presence to 6 countries and has developed and deployed 70+ solar facilities worldwide and closed financing transactions in excess of $825 million.
