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CPV, Harrison Street Expand Partnership, Announce Investment
Competitive Power Ventures Group, a developer, owner, and operator of utility-scale renewable and low-emission electric generation, and Harrison Street, an investment management firm, are expanding their strategic partnership. Harrison Street has executed an agreement to acquire one-third of CPV Renewable Power, LP, a CPV Group affiliate.
Through this investment, Harrison Street will support and accelerate CPV Renewables’ growing renewable energy development business, which comprises nine operating and under construction projects. Together, these projects total over 700 MW-ac of wind and solar capacity, sufficient to power over 570,000 households. CPV Renewables has also identified a near-term pipeline totaling ~4 GW-ac and consisting of more than 15 wind, solar, and co-located battery storage projects.
“We have a longstanding relationship with Harrison Street and this next step shows the strong commitment from all sides to drive decarbonization efforts forward. This partnership will accelerate the buildout of our four GW pipeline of renewable development projects,” said Sean Finnerty, President of CPV Renewables.
