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Urban Grid

Company Summary

Description

Urban Grid is a leading developer of utility-scale solar power plants. Founded in Richmond, Virginia, in 2011, with offices in Virginia, Washington, D.C., and Maryland, Urban Grid has completed the development of approximately 600 MWp of solar projects and currently has more than 3,300 MWp of solar projects under development.

Website

http://www.urbangridco.com/

Recent news

  • 1/26/2022 - Brookfield Renewable... (subscriber access)
  • 8/14/2018 - Urban Grid Sells 240MW... (subscriber access)

Company Transactions

Date: 2/28/2022
Type: Acquisition

BUYERS:
  • Brookfield Renewable Energy Pa
    • SELLERS:
  • Urban Grid
    • DETAILS:

    COST: 650 $MM

    NOTES:
    Brookfield Renewable has reached a deal to acquire clean power developer Urban Grid for $650 million. Urban Grid is currently developing a project pipeline that includes 7,000-MW of energy storage capacity and 13,000-MW of utility-scale solar.
    REGIONS:
  • Lower 48

    • Date: 8/14/2018
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Urban Grid
    • PROJECTS:
  • Colonial Trail West Solar Project
  • Spring Grove Solar I Project
    • DETAILS:

    VOLUMES: 240 MW

    NOTES:
    Urban Grid has entered into a deal to sell two Virgina solar projects to Dominion Energy. This included the 142 MWac Colonial Trail West Solar and the 98 MWac Spring Grove Solar I Projects in Surry County, Virginia.
    REGIONS:
  • Southeast