Acquisition Overview
Onward Energy has agreed to acquire the solar portfolio of Global Atlantic Financial Group. The portfolio consists of eleven different assets spread across eight states in the U.S. The financial details have not been disclosed, but the deal is set to be finished in the third quarter of this year. This acquisition will develop Onward Energy’s portfolio to 6GW in solar assets.
Onward Energy Portfolio
Onward Energy CEO Steve Doyon said:
“We believe that this acquisition of high-quality solar assets is a strong fit with our existing portfolio, consistent with our view of the energy transition and complementary to our growth strategy.”
“We believe that this acquisition of high-quality solar assets is a strong fit with our existing portfolio, consistent with our view of the energy transition and complementary to our growth strategy.”Steve Doyon
Onward Energy
CEO
With 45 projects distributed throughout 18 states, Onward Energy operates and manages more than 5GW of solar, wind, and gas production capacity in the U.S. They intend to invest in the next generation of dependable, sustainable technologies to enable its clients and local communities to achieve their decarbonization goals efficiently.
About Onward Energy
Onward Energy provides both zero carbon renewable energy and low carbon gas projects that facilitate higher penetration of renewable power.
With 43 wind, solar, and natural gas generation projects across the U.S., Onward Energy is a comprehensive private platform that’s on a mission to power the energy transition. Based in New York, Denver, and Charlotte, Onward Energy is a company where people and power are always on, continuously evolving so they can propel the future of energy forward. By investing for the long-term, Onward Energy inspires progress and empower the potential of people, partners, and planet.
About Global Atlantic Financial Group
Serving the requirements of people and organizations, Global Atlantic Financial Group is a pioneer in the life insurance and annuity sector in the United States. The company has a history of providing tested, value-added solutions and long-term growth thanks to its differentiated investment and risk management capabilities, strong client connections, and financial stability. Global Atlantic is a majority-owned subsidiary of KKR, a well-known international investment company that provides capital markets solutions and alternative asset management across several strategies. KKR & Co. Inc. is the parent firm of KKR.
Onward Energy Portfolio
