Might 12 (Renewables Now) – A fund managed by Axium Infrastructure has taken over Boston-based photo voltaic and power storage developer BlueWave to assist it develop and in addition preserve long-term possession of its growth property.
BlueWave has developed and constructed over 150 MW of photo voltaic tasks to this point and has expertise with neighborhood photo voltaic, agrivoltaics and floatovoltaics.
Following the acquisition, the agency will maintain its title and its complete present staff. It’s seeking to undertake an asset possession mannequin by which it won’t solely develop tasks, but additionally personal and handle the finished crops.
“Axium’s possession will allow large development alternatives as we glance to personal and function our growth property and proceed pioneering in dual-use photo voltaic growth, storage growth and accessibility of renewable power for low- to center earnings communities,” commented Trevor Hardy, CEO of BlueWave.