Madison Energy Infrastructure Acquires Sun Tribe's Commercial and K-12 Solar Portfolio

TerraForm Power Acquires Sun Tribe Development LLC

May 15, 2025

Renewable Energy

On May 15, 2025, TerraForm Power, an affiliate of Brookfield Asset Management / Brookfield Renewable, acquired Sun Tribe Development LLC, buying the development business and its 4.1 GW pipeline and integrating the development team. The deal transfers the entirety of Sun Tribe Development's project pipeline and personnel to TerraForm Power, more than doubling TerraForm Power's development pipeline to over 6,000 MW while Sun Tribe's EPC and O&M businesses continue to operate independently.

Madison Energy Infrastructure Acquires NextEra Energy Resources' Distributed Generation Platform

October 2, 2025

Energy

Madison Energy Infrastructure completed the acquisition of NextEra Energy Resources' distributed generation development platform, including operating solar and energy storage assets, a development pipeline and customers across 25 states. The deal brings Madison's ecosystem to nearly 1 GW of operating clean energy infrastructure and expands its commercial and community customer footprint while leveraging recent financing and support from EQT and other capital partners.

Mars Energy / Mars Equity Partners Acquires K12 Energy (K12 Solar)

September 13, 2023

Renewable Energy

Mars Equity Partners and affiliated Mars Energy Group (via platform NewGen Energy) have acquired K12 Energy (also referred to as K12 Solar), a El Dorado Hills, California provider of commercial solar solutions and Power Purchase Agreement (PPA) financing for nonprofits, schools and small commercial customers. The deal integrates K12 into Mars Energy's portfolio to expand commercial solar capabilities and nonprofit/school PPA expertise as an add-on to the group's NewGen Energy platform.

ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development

October 2, 2024

Renewable Energy

ContourGlobal (a KKR company) has acquired a 151 MWdc solar portfolio consisting of two late-stage projects in South Carolina from Sun Tribe Development. The assets, which have long-term PPAs and completed interconnection studies, mark ContourGlobal's entry into the U.S. renewables market with commercial operations planned in 2029.

EQT Infrastructure Acquires Madison Energy Investments

December 20, 2022

Energy

EQT Infrastructure VI has agreed to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners. EQT will provide growth capital and digital/operational support to expand MEI's deployment of distributed solar and energy storage projects across the United States.

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.