Neighborhood photo voltaic firm Perch Energy as we speak introduced the acquisition of Solstice, a buyer acquisition and administration firm in the neighborhood photo voltaic house.
A photo voltaic undertaking in Westchester County, New York, owned by DSD Renewables, managed by Perch Power. Picture credit score: DSD Renewables
This deal establishes Perch as one of the skilled and largest pure-play group photo voltaic acquisition and administration servicing platforms in the USA. It strengthens Perch’s acquisition and administration capabilities and its market footprint throughout all group photo voltaic markets. Solstice provides extremely expert expertise, gross sales and operational expertise, in addition to extra monetary funding into Perch Power.
Following the acquisition of Solstice’s operational and under-contract photo voltaic initiatives and subscribers, Perch will handle over 3 GW of photo voltaic capability throughout 1,000+ photo voltaic initiatives in 16 states, serving over 450,000 residential buyer equivalents with proprietary software program expertise and automation. Solstice will contribute a portfolio of contracted photo voltaic initiatives representing 550 MW of capability.
Immediately’s acquisition comes after Perch and Arcadia announced a brand new enterprise in 2025 combining each corporations’ group photo voltaic companies to create a brand new standalone firm.
“Neighborhood photo voltaic continues to evolve, mature, and thrive in offering sturdy recurring clear power financial savings to all American customers throughout a dynamic power transition impacting the U.S. This transition requires probably the most lively corporations, like Perch and Solstice, to likewise remodel and be part of forces to broaden supply of the very best companies to customers, undertaking house owners and builders,” stated Bruce Stewart, CEO of Perch Power.
Solstice was previously owned by MyPower, a wholly-owned subsidiary of Mitsui & Co. Sandhya Murali, co-founder and CEO of Solstice, and Tyler Yasa, Solstice’s VP of development and asset administration, will assume key management roles at Perch Power, amongst different Solstice staff becoming a member of the corporate.
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