SolRiver Capital is a national renewable energy investment firm that has made a large capital commitment to Korsail Energy. Korsail will be able to complete its 2 GW of rural community solar- and storage projects with the help of this investment. SolRiver forged the development capital partnership based upon Korsail’s large pipeline of upcoming projects, strong track record and experienced team.
“Korsail has an impressive portfolio of high-quality solar and storage projects under development in various markets, which are a great fit for SolRiver’s investment platform,” says Nick Gazzolo, partner at SolRiver Capital. “Moreover, we’re backing Korsail’s passionate team that has over 500 MW of successful clean energy projects under their belt.”
Korsail works with landowners and utilities to develop community-oriented clean energies systems that help the local grid.
“SolRiver’s co-development partnership with Korsail provides the perfect example of value-added capital. Korsail will be able to tap into SolRiver’s extensive network across the country, and benefit from the SolRiver team’s deep expertise in complex energy markets,” explains Don Buchholz, VP of development at Korsail. “In addition, SolRiver’s investment provides Korsail the capital to fund the major development expenses and corporate overhead required to succeed with our transformative portfolio of projects.”