Galway Sustainable Capital (Sterling Power Opportunities) Acquires Majority Stake in Forsite Renewables
January 11, 2024
Sterling Power Opportunities, a subsidiary of Galway Sustainable Capital, has acquired a majority interest in Forsite Renewables to fund expansion of the Charlotte-based developer's utility-scale solar and battery storage project pipeline. Galway will retain Forsite's existing management team and provide capital to accelerate development and repurposing of legacy fossil-fuel sites into renewable projects across the United States.
- Buyers
- Sterling Power Opportunities, Galway Sustainable Capital, Inc.
- Targets
- Forsite Renewables
- Industry
- Energy
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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