Catalyze acquires C&I solar developer PermaCity to reach pipeline of more than 2GW Email
Catalyze said the acquisition will allow it to deploy rooftop projects more efficiently. Image: Catalyze via Twitter.
US independent power producer Catalyze has expanded its project pipeline to more than 2GW through the acquisition of commercial and industrial (C&I) solar developer PermaCity.
Colorado-headquartered Catalyze, which develops and operates renewable distributed generation and storage projects for C&I customers, said the deal will allow it to establish a stronghold in California’s distributed PV market.
The transaction is also expected to produce “substantial” synergies, with Catalyze able to use PermaCity’s proprietary SolarStrap rooftop solar panel mounting technology to deploy projects more efficiently. For PermaCity, the tie-up will allow it to provide battery storage solutions for its customers.