Lightstar Renewables, a community solar developer, was acquired by an affiliate of Eagle Creek Renewable Energy. With a portfolio managed by Elda River Capital Management LLC and Magnetar, Lightstar possesses approximately 30 MW under construction in New York and a development pipeline of about 1.2 GW across the U.S. Under Eagle Creek’s ownership, Lightstar aims to expand and become a premier community solar independent power producer in North America, transitioning its entire development pipeline to Eagle Creek. KeyBanc Capital Markets advised Lightstar on the acquisition. Eagle Creek is a subsidiary of Ontario Power Generation, a major power generator in North America.
Eagle Creek acquires Lightstar Renewables
The acquisition of Lightstar adds 1.2 GW of development pipeline to Eagle Creek’s portfolio. (Image Credit: Lightstar Renewables).
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