Fengate Asset Management announced it has closed on a new development partnership with 42 Renewables and launched Fengate Distributed Generation Partners.
With a proven management team and unprecedented demand for renewable energy projects, Fengate Distributed Generation Partners is a new platform focused on acquiring, developing, constructing and operating distributed generation solar, DG solar + storage, and DG storage projects. Target market segments include community solar; municipal, university, school district and hospital; commercial and industrial and small utility-scale projects.
Fengate’s development partner in Fengate Distributed Generation Partners is 42 Renewables, led by Ja Kao, most recently President and CEO of Onyx Renewable Partners where she built a market-leading national DG solar platform. Ja also serves as a board member for the American Council on Renewable Energy.
“We are focused on building Fengate Distributed Generation Partners into a top-ten DG solar development company with a proven development team led by Ja,” said Greg Calhoun, managing director of infrastructure investments for Fengate. “The DG market is fragmented and growing, and we are excited to deliver on our targets.”
Fengate is managing this partnership on behalf of its infrastructure investors, including an investment fund owned by the LiUNA Pension Fund of Central and Eastern Canada.
News item from Fengate Asset Management
