Renewable Energy Acquisitions in Oregon

Energy Capital Partners (ECP) has acquired Triple Oak Power from EnCap Energy Transition Fund I and its co-investors Yorktown Partners and Mercuria Energy. Triple Oak, a Portland-based wind project developer with a pipeline of more than 8.0 GW, will partner with ECP to accelerate project development and scale its renewable energy platform in the U.S.

Arcadia has acquired Oregon Shines, a community solar provider, in a transaction that closed on May 22, 2023. The acquisition transfers Oregon Shines' subscription portfolio of nearly 84 MWdc to Arcadia, making Arcadia the largest manager of community solar projects in Oregon; terms were not disclosed.

Powin LLC, a US-based designer and manufacturer of grid-scale energy storage systems, received a $135 million growth equity investment led by GIC with participation from Trilantic Energy Partners North America, Energy Impact Partners, and Samsung Ventures. The capital will be used to scale Powin's global manufacturing, further develop its product suite and software, and support supply-chain and international growth.

Southlake, Texas-based PulseTech Products Corporation has acquired Zamp Solar (SNJ Enterprises, Inc.), a Bend, Oregon-based designer and manufacturer of off-grid and portable 12-volt solar modules and kits. The acquisition adds solar module manufacturing and portable energy solutions to PulseTech’s battery maintenance and charging product portfolio, expanding its capabilities and end-market reach into RV, marine and industrial/off-grid customers.