Climate Finance | December 22, 2021

AES Corp. acquires Community Energy Solar

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 22 — The deal provides an exit for SJF Ventures, a Durham, N.C.-based impact manager that invested in Community Energy Solar’s Series A round in 2010.

CES, based in Radnor, Pa., has developed more than three gigawatts of solar, including early utility-scale projects in several states, and has another 10 GW in the pipeline.

CES “blazed the trail through the financing, interconnect, land acquisition, permitting, and offtake complexities to show how to ‘go big’ in solar,” SJF’s Dave Kirkpatrick said (see “Agent of Impact: Dave Kirkpatrick”).

AES, a major electricity provider, is expanding aggressively into renewable energy.

Clean energy portfolio.

SJF’s clean energy investments include Terabase Energy’s monitoring software for utility-scale solar projects, PosiGen’s solar panel leasing platform for low-income households, battery data and analytics startup Voltaiq and Nextracker, which makes solar tracker systems.