Soltage acquires 40-MW Oregon solar portfolio from NewSun Energy

Soltage and Basalt managed funds have acquired a 40-MW solar portfolio in Oregon. The first 10-MW solar facility was energized in December and the remaining 30 MW are under construction and planned to be placed in service prior to Summer 2020. The portfolio was acquired from NewSun Energy, a leading Pacific Northwest energy developer. This acquisition anchors a $100 Mmllion portfolio investment in the Oregon market and is being funded via Helios, an investment vehicle set up by Soltage and Basalt to own and operate solar power projects across the United States. Hyperion, the first vehicle, was fully deployed in 2019 and currently owns and operates 125 MW across 35 solar facilities.