Glentra Capital has acquired a majority stake in Third Pillar Solar Renewables LLC, a key player in FPV projects across the US. Led by Jaimeet Gulati, Third Pillar boasts a skilled team focused on projects ranging from 3 to 200 MW on unused water bodies. The collaboration aims to leverage Glentra’s expertise in PV development to scale Third Pillar’s operations in the US. Orrick, Herrington & Sutcliffe acted as the legal counsel for the acquisition, and the investment was made on behalf of Glentra Fund I K/S, Glentra’s first fund.
Glentra Capital acquires controlling stake in Third Pillar Solar
Third Pillar Solar’s team, boasting expertise in development, engineering, site origination, procurement, GIS, and finance, positions the company as a key player in the FPV sector. (Image Credit: Third Pillar Solar).
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)