Operating Company Energy

Aspen Power

New York, New York, United States

Aspen Power is a distributed clean energy development, construction, and asset management platform focused on community solar and other distributed clean energy assets.

Focus Areas
Community Solar, Distributed Generation, Distributed Solar
Website
aspenpower.com

Tracked deals

3

3 tracked deals across 2022-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

1 addon · 1 buyout · 1 divestiture

Aspen Power Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Aspen Power. 1 2022 1 2024 1 2025

Supporting Data

Recent Transactions

  • Aspen Power Acquires 14.1 MWdc Illinois Community Solar Portfolio from Arrow Solar Development
    March 17, 2025
    Buyer
    Aspen Power
    Target
    14.1 MWdc Illinois community solar portfolio (early‑stage sites)
    Seller
    Arrow Solar Development LLC, BOW Energy Holdings, LLC
    Industry
    Energy
    Location
    Illinois, United States
    Type
    Divestiture

    Aspen Power has closed a Membership Interest Purchase and Development Services Agreement (MIPDSA) to acquire a 14.1 MWdc portfolio of early‑stage community solar sites in Illinois from Arrow Solar Development LLC. Aspen Power will develop, construct, own and operate the projects—bringing its Illinois portfolio to over 34 MW—and use its financing and development capabilities to advance the sites to long‑term operation.

  • Aspen Power Acquires 20-Project Community Solar Portfolio in Illinois
    May 1, 2024
    Buyer
    Aspen Power
    Target
    20 community solar projects (Illinois portfolio)
    Industry
    Renewable Energy
    Location
    Illinois, United States
    Type
    Buyout

    Aspen Power announced it will acquire a portfolio of 20 community solar projects (up to 19 MW), primarily located in Illinois, partnering with a developer and working with Common Energy to subscribe and manage the projects. The acquisition expands Aspen Power's distributed generation footprint and increases access to community solar for residential and low- and moderate-income customers in Illinois.

  • Aspen Power Partners Acquires Safari Energy; Carlyle Commits $350M to Aspen
    November 3, 2022
    Buyer
    Aspen Power Partners LLC, The Carlyle Group
    Target
    Safari Energy, LLC
    Seller
    PPL Corporation
    Industry
    Renewable Energy
    Location
    New York, United States
    Type
    Addon

    Aspen Power Partners acquired Safari Energy, LLC from PPL Corporation and gained Safari's 220 MW portfolio and development platform. The transaction was announced alongside a $350 million investment in Aspen from funds managed by The Carlyle Group to support Aspen's organic growth and acquisition-driven strategy to reach gigawatt scale.

Related Acquisition Pages

Renewable Energy Buyers & Acquisitions 2 tracked deals by Aspen Power. Energy Buyers & Acquisitions 1 tracked deal by Aspen Power. Acquisitions in Illinois 2 tracked deals by Aspen Power. Acquisitions in New York 1 tracked deal by Aspen Power.

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