In 2020, hep Energy USA, the US affiliate of the HEP Kapitalverwaltung AG, a German-based clean energy fund, formed Emerald Garden Holdings in strategic partnership with Solops, LLC. hep, a German-based private equity fund and vertically-integrated solar energy company performing all services along the life span of a solar park has developed, constructed, and operates 450 million Euros worth of projects worldwide. This new partnership will drive hep’s North American investment strategy to develop more than 200 megawatts (MW) of C&I solar annually with Emerald Garden Holdings owning and operating the portfolio of assets.
The hep/Solops partnership enables Solops to streamline project sourcing, development, EPC, and O&M while bringing some of the lowest cost of capital into the C&I market. These combined capabilities of Emerald Garden Holdings will shift C&I market dynamics and drive clients’ sustainable energy objectives. Additionally, since Emerald Garden Holdings represents the sponsor equity for the projects, Solops can ensure a certainty of close to the stakeholders involved in each project taken under development.