Luminia, a California-based technology platform solutions provider, has signed a Memorandum of Understanding (MoU) to acquire the development resources, assets and project pipeline of New Hampshire Solar Garden, a community solar development firm based in New Hampshire.
This acquisition will include 15 MWs of community solar that the two firms jointly closed on in 2022. By acquiring these assets, Luminia says it will gain control and management of the developer’s community solar portfolio totaling more than 218 MWs.
According to the company, the acquisition builds on its growing community solar portfolio and its long-standing partnership with the developer.
As part of the agreement, Andrew Kellar, founder of New Hampshire Solar Garden, has joined Luminia, bringing his expertise in community solar and a proven track record of Northeast solar development. Kellar is also bringing over 140 MW in development projects in Puerto Rico to Luminia.
“New Hampshire Solar Garden has been an incredible partner and influential leader in establishing successful community solar projects across the Northeast,” said David Field, CEO and Co-Founder of Luminia. “As we continue to scale our community solar business, we are thrilled to welcome Andrew to our team to lead our internal origination strategy – directly and in partnership with co-development partners and strategic off-takers in key markets.”
New Hampshire Solar Garden actively serves New Jersey, New York, Connecticut, Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. The developer claims that it was the first to offer community solar offtake solutions in New Hampshire at a large scale.
According to Luminia, Kellar was also instrumental in persuading municipalities to serve as offtake backstops for community solar assets, spearheading financing and fostering innovation in the region.