This transaction provides Matrix with a broad portfolio of renewable energy projects in the United States, as well as the opportunity to develop additional projects with SolarStone Partners. For now, both companies will jointly develop a portfolio of 4.6 GW while exploring and creating additional opportunities in the country’s different markets.
Thus, Matrix Renewables continues to increase its presence in the United States, with a growing team and positioning itself as one of the leading renewable energy platforms in North America, Europe and Latin America. Matrix Renewables’ current portfolio consists of 2.3 GW of solar, wind and storage projects, both operational and under construction or “ready to build”, along with a development portfolio of another 7.3 GW.
Cohn Reznick Capital and Norton Rose Fullbright served as financial and legal advisors to Matrix Renewables.
SolarStone was founded in 2014 and has to date developed and sold around 30 community solar projects that are either under construction or operating. The company continues to expand its activities in utility-scale renewable energy projects.