A Inexperienced Lantern photo voltaic challenge.
New York-based Dispatch Energy introduced the acquisition of Vermont group and business photo voltaic developer Green Lantern Solar. Dispatch Vitality, founded in 2024, will purchase over 64 photo voltaic and battery storage initiatives from GLS at numerous levels of growth and operations, totaling 208.9 MWDC.
This acquisition expands Dispatch’s footprint within the rising distributed technology market throughout Georgia, Maryland, West Virginia, New York, New Hampshire, Vermont, Maine, Minnesota and Wisconsin.
“Dispatch stays dedicated to the vitality transition and we’re excited to welcome Inexperienced Lantern’s crew, operations and belongings into our portfolio”, mentioned Richard Dovere, CEO of Dispatch Vitality. “We’re proud to have the chance to accumulate this glorious founder-led enterprise.”
Dispatch will purchase 100% of Inexperienced Lantern’s operations, together with working and early-stage growth belongings in addition to its O&M providers enterprise.
“This acquisition gives a wonderful outcome for GLS shareholders and workers,” mentioned Luke Shullenberger, founder and CEO of Inexperienced Lantern Photo voltaic. “We recognize the execution-oriented method of Dispatch Vitality’s crew and imagine that the enterprise will proceed to develop beneath their management into the long run.”
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