Real estate investment and development firm Crow Holdings announced the launch of Crow Holdings Renewables, a new business that aims to apply Crow Holdings’ development expertise and local presence in several solar markets across the U.S. to develop community- and utility-scale solar energy and battery storage projects across the country.
Crow Holdings Renewables is initially focused on the entitlement and development of community solar projects (and related battery storage solutions) averaging 5 MW and mid-sized, utility-scale projects averaging 25 MW. As a business line of Crow Holdings, which has significant greenfield development experience, Crow Holdings Renewables is also well-positioned to leverage an extensive portfolio of industrial properties, with potential to add solar to millions of square feet of industrial rooftops across the country that could provide lower-cost energy to all ratepayers. Crow Holdings Renewables is co-led by Laurence Pelosi, senior managing director at Crow Holdings, and Tim Marvich, who recently joined the company as a managing director.
“The country’s energy transition and renewables have demonstrably expanded opportunities in recent years, through federal and state support, improving technologies, declining costs and customer engagement,” said Crow Holdings CEO Michael Levy. “We are seeing material growth across the sector that we expect to continue for the foreseeable future, and we are excited to launch Crow Holdings Renewables at such a critical time. With strong footholds in some of the fastest-growing solar markets in the U.S. — and with highly capable leaders in Laurence and Tim as part of a growing team for the business — we plan to meaningfully contribute to the development of renewable energy solutions for communities and businesses across the country.”
The Crow Holdings Renewables team has already identified and is pursuing suitable project locations in California, New Jersey, Maryland and Illinois, with other markets to follow.
News item from Crow Holdings
