Retail Supplier Makes Minority Equity Investment In Community Solar Developer, Will Be Exclusive Marketer
March 20, 2023
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Catalyst Power Holdings LLC, which positions itself as an integrated provider of cleaner energy solutions for the commercial and industrial sector, and JCD Solar Consulting, LLC , a solar project developer, have finalized a strategic partnership agreement under which Catalyst Power has made a minority equity investment in JCD Solar Consulting, LLC, and under which Catalyst Power will be the exclusive offtake provider for future JCD Solar Consulting, LLC community solar projects.
Catalyst Power will serve as the exclusive marketer, aggregator and servicer for all future JCD Solar Consulting, LLC community solar projects
JCD Solar Consulting, LLC has developed 75 MW (DC) of utility scale and community solar with a development pipeline of 100 MW (DC).
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Catalyst Power said, "Catalyst Power utilizes a unique strategy to fill community solar subscriptions, instead of relying on a single large 'anchor' subscriber–typically a large business–Catalyst Power recruits a diverse group of smaller companies. Multiple smaller subscribers provide community solar projects a safer, more resilient foundation of support while spreading solar's benefits to a wider community of local businesses."
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