Community solar energy company Perch energy today announced the acquisition of Solsticea customer acquisition and management company in the communal tanning area.
A solar project in Westchester County, New York, owned by DSD Renewables, operated by Perch Energy. Photo credit: DSD Renewables
This deal makes Perch one of the most experienced and largest pure-play community platforms for solar procurement and management in the United States. It strengthens Perch’s acquisition and management capabilities and its market footprint across all community solar markets. Solstice adds highly skilled technology, sales and operations talent, as well as additional financial investments in Perch Energy.
Following the acquisition of Solstice’s operating and contracted solar projects and subscribers, Perch will manage more than 3 GW of solar capacity across more than 1,000 solar projects in 16 states, and serve more than 450,000 residential customer equivalents with proprietary software technology and automation. Solstice will contribute a portfolio of contracted solar projects representing a capacity of 550 MW.
Today’s acquisition comes after Perch and Arcadia announced a new venture in 2025, combining both companies’ joint solar businesses to create a new standalone company.
“Community solar continues to evolve, mature and thrive in delivering strong recurring clean energy savings to all American consumers during a dynamic energy transition impacting the U.S. This transition requires the most active companies, like Perch and Solstice, to also transform and join forces to expand the delivery of best-in-class services to consumers, project owners and developers,” said Bruce Stewart, CEO of Perch Energy.
Solstice was previously owned by MyPowera wholly owned subsidiary of Mitsui & Co. Sandhya Murali, co-founder and CEO of Solstice, and Tyler Yasa, Solstice’s VP of growth and asset management, will take on key leadership roles at Perch Energy, joining other Solstice employees joining the company.
News item from Perch Energy
