Development of US C&I solar projects worth 600 megawatts
hep has announced a strategic partnership with Solops, LLC, a leading national C&I solar developer. The partnership will drive hep's strategy to develop more than 200 megawatts of US distributed solar projects annually over the next three years.
“We are excited about adding more C&I solar to our portfolio. In Solops, we have found a very responsive and agile partner with a proven track record of nearly a decade and who can engage even more organizations in combining financial sustainability with environmental responsibility.” said CEO Christian Hamann, hep’s founder.
“Our partnership with Solops rounds out hep’s strategic endeavor in the US distributed solar market,” added Alexander Zhou, hep’s SVP for North America. “Solops has the experience of having developed projects across the United States with a strong concentration in the Northeast and mid-Atlantic regions, and together, we can leverage complementary strengths within our US portfolio to deliver above average results for our investors.”
“We are excited to partner with hep, an experienced worldwide solar player, to streamline project sourcing, development, EPC, O&M, and financing. This partnership enables us to bring some of the lowest cost of capital into the space, thereby expanding and strengthening our geographic reach” said Matthew Rosenblum, Founder and CEO of Solops. “Combining the financial and intellectual capital capabilities of hep and Solops in this strategic fashion represents a shift in C&I market dynamics which will drive achievement of sustainable energy objectives.”
“This is an important moment in bringing to fruition the fiscal capability required to execute on the regulatory changes taking place in markets across the North East and mid-Atlantic as we continue to take a holistic approach for all our stakeholders in corporations, non-profits and government agencies, creating a win-win for our local communities.” added Ryan Marrone, President of Solops.