Community solar subscription and management company Solar energy simplified has announced its first acquisition – of a fellow subscription platform Northern power and light (NPL), a community distributed generation company known for its community-driven approach, strong municipal ties, disciplined execution and exceptional asset-owner relationships.
The acquisition immediately expands Solar Simplified’s footprint in New York, integrating Northern Power & Light’s subscriber network and active project portfolio into Solar Simplified’s national platform.
This acquisition combines subscriber acquisition and management, billing and collections under one simple model for developers and asset owners. With 100% free churn replacement, guaranteed collections and no upfront acquisition or start-up costs, Solar Simplified eliminates uncertainty and protects project economics from the start of operations through the full life cycle of each asset.
Within weeks of the acquisition, joint teams have already added more than 50 GWh of new community solar and community generation projects to the combined portfolio, with a further 600 GWh in late-stage negotiations. The acquisition also includes Northern Power & Light’s existing subscriber base of thousands of active subscribers.
“Northern Power & Light is built on decades of experience in renewable electricity, deep connections with business and residential customers, and innovative policy solutions. Our experienced and hands-on approach to the distributed energy resources market has allowed us to carve out a unique niche in an industry characterized by startups and the search for quick returns. We are pleased to have found a growth partner that values what we have built and is committed to delivering long-term, sustainable returns for the company and for its asset owners,” said Emmett Smith, co-founder and CEO of Northern Power & Light.
Emmett, along with brother and co-founder Ethan Smith, will join the Solar Simplified team to grow the NP&L business line.
“This acquisition further strengthens our leadership position in one of the fastest growing energy markets in the country,” said Aviv Shalgi, CEO of Solar Simplified. “We’re not just expanding – we’re building the most reliable, financially disciplined and scalable platform for community distributed generation. Our focus on efficiency, transparency and guaranteed performance is redefining what developers and asset owners expect from an aggregator.”
News item from Solar Simplified
