CPV Group, a leader in renewable and low-emission electric generation, is teaming up with investment management firm Harrison Street to further their strategic partnership. As part of this collaboration, Harrison Street has agreed to acquire one-third of CPV Renewable Power, LP – an affiliate of CPV Group.
This investment will provide support and accelerate the growth of CPV Renewables’ renewable energy development business. Currently consisting of nine operating and under construction projects totaling over 700 MW-ac capacity for wind and solar energy – enough to power more than 570,000 households – the company also has a near-term pipeline with potential for ~4 GW-ac capacity across more than 15 additional projects featuring wind, solar,and co-located battery storage.
Sean Finnerty , President at CPV Renewables stated: “We have had a strong relationship with Harrison Street for some time now and this latest step demonstrates our mutual commitment towards driving decarbonization efforts forward. This partnership will help expedite the development process for our four GW pipeline.”
