Enfinity Acquires U.S. Solar Developer ClearPeak

Monday, 11 October 2010 16:14

Enfinity Acquires U.S. Solar Developer ClearPeak

E-mail

Rate this item

(0 votes)

Solar photovoltaic development company Enfinity has moved to acquire U.S. solar developer ClearPeak in a bid to strengthen its coast-to-coast presence in the solar space. Terms of the acquisition were not disclosed.

ClearPeak was established in 2009 and provides outsourcing solutions to the clean energy industry.

Areas of focus include business strategy, business development, project development,

project finance, and policy support.

Enfinity has announced that it will retain all ClearPeak executives and adopt the startup’s pipeline of renewable energy customers and projects. ClearPeak President and co-founder Bob Hopper will assume a Senior Vice President role at Enfinity while Brian Lynch, the other co-founder, will move into the role of Senior Vice President for Development, US, at the company.

Founded in 2005, Enfinity has risen to become one of the world’s largest and most experienced solar PV development companies, with operations in North America, Europe and Asia-Pacific.

To finance these projects, Enfinity works with individual project companies funded by equity investors and banks. The company also owns its own portfolio of renewable energy installations.