PureSky Energy announces term conversion of 54.5 MW DC PV portfolio

PureSky Energy, headquartered in the US, announced the term conversion of its 54.5 MW DC solar portfolio, paired with 7.4 MWh of BESS. Term conversion refers to the process of transitioning a project's financing from construction-phase loans to long-term operational financing. Valued at over $150 million, this portfolio is the company’s largest to date, highlighting a shift towards a diversified approach combining M&A and greenfield development. The portfolio includes 12 projects across New York and Massachusetts. Massachusetts projects, Cotuit and Three Rivers, total 8.9 MW DC and contain the entire BESS capacity. New York projects span seven sites acquired from Omni Navitas and three from EDF Renewables. Key partners in the execution include U.S. Bancorp Impact Finance, KeyBanc Capital Markets, CS Energy, EDF Renewables, Dynamic Energy, and Empyrean. This move strengthens PureSky Energy’s position in renewable energy development.