Axium Infrastructure buys US solar developer BlueWave

Solar plant construction. Source: BlueWave.

May 12 (Renewables Now) - A fund managed by Axium Infrastructure has taken over Boston-based solar and energy storage developer BlueWave to help it grow and also maintain long-term ownership of its development assets.

BlueWave has developed and built over 150 MW of solar projects to date and has experience with community solar, agrivoltaics and floatovoltaics.

Following the acquisition, the firm will keep its name and its entire existing team. It is looking to adopt an asset ownership model in which it will not only develop projects, but also own and manage the completed plants.

"Axium's ownership will enable tremendous growth opportunities as we look to own and operate our development assets and continue pioneering in dual-use solar development, storage development and accessibility of renewable energy for low- to middle income communities,” commented Trevor Hardy, CEO of BlueWave.

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