CleanCapital Acquires BQ Energy

424 Capital Acquires QE Solar

May 7, 2021

Renewable Energy

424 Capital has completed the acquisition of QE Solar, a Cranford, New Jersey-based provider of operations and maintenance (O&M) services for commercial, industrial, and utility-scale solar and battery energy storage systems. The investment will provide capital to support QE Solar's nationwide workforce growth and expand its capabilities in solar and battery storage services; QE Solar employs over 80 field technicians and engineers and services more than 2.0 GW of C&I solar installations.

QE Solar Acquires Donahue & Sons

May 23, 2025

Energy

QE Solar LLC has acquired Donahue & Sons Mgmt., Inc., expanding QE's nationwide operations and maintenance platform by adding large-scale vegetation management and site maintenance capabilities for solar, BESS and related energy installations. The deal integrates Donahue's leadership and staff into QE to provide expanded, end-to-end site stewardship and maintenance services for utility and commercial renewable projects.

QE Solar Acquires S3 Power, Inc.

September 26, 2024

Energy

QE Solar LLC has acquired S3 Power, Inc., a Walpole, Massachusetts-based specialist in medium- and high-voltage commissioning, testing, construction and maintenance for substations and renewable energy projects. The deal strengthens QE Solar's in-house MV/HV and substation servicing capabilities for utility-scale and distributed generation solar and BESS projects, and S3 owner James Swansey will join QE as Vice President, Medium Voltage and Protection & Controls.

True Green Capital Management Acquires Majority Stake in CleanChoice Energy

April 28, 2023

Energy

Funds managed by True Green Capital Management (TGC) agreed to acquire a majority ownership stake in CleanChoice Energy and will commit an additional $100 million to develop, acquire, own, and operate CleanChoice solar projects. The deal will combine CleanChoice's retail green energy platform and customer base (about 215,000 residential customers) with TGC's solar generation capabilities across multiple U.S. competitive markets, securing long-term access to power, capacity, and RECs to support growth.

CleanCapital Acquires 22.7 MW, 40-Asset Solar Portfolio From Kendall Sustainable Infrastructure

December 17, 2024

Renewable Energy

CleanCapital acquired a portfolio of 40 solar assets totaling 22.7 MW from Kendall Sustainable Infrastructure (KSI), expanding its operating distributed solar footprint across Vermont, New York and California. Manulife Investment Management and its institutional co-investors committed an additional $145 million of equity to CleanCapital to fund development, construction and future acquisitions; the sale closes out KSI’s first fund dedicated to community solar.

EQT Infrastructure Acquires Cypress Creek Renewables

July 3, 2021

Renewable Energy

EQT Infrastructure V has agreed to acquire Cypress Creek Renewables, a vertically integrated U.S. solar and storage developer, owner and operator, from funds managed by HPS Investment Partners and Temasek. The deal will support Cypress Creek's growth plans — including investments in operations, digital and sustainability initiatives — and is expected to close subject to customary approvals in H2 2021.