SunShare gets USD 30m investment from PE firm Ember

Solar farm. Author: Michele Lamberti. License: Creative Commons, Attribution 2.0 Generic.

September 22 (Renewables Now) - Denver-based solar developer SunShare LLC has received a USD-30-million (EUR 25.5m) equity commitment from private equity firm Ember Infrastructure to grow its community solar platform.

SunShare is a family-owned company that was established in 2011. Presently, the firm has over 13,000 customers subscribed in more than 80 community solar projects across the states of Colorado and Minnesota. It says it is one of the few developers to own and operate its projects.

"This investment will support our momentum; accelerate our ability to provide jobs, local partnerships with farmers, landowners, and utilities; and provide clean energy to more people to meet growing demand,” SunShare CEO and founder David Amster-Olszewski said.

Industry veteran and Ember partner, Bob Kelly, is now joining SunShare's board of directors as a result of Ember’s investment.

(USD 1.0 = EUR 0.852)

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