Longroad Energy Makes Investment in Valta Energy, Expands Exposure in Growing Distributed Generation Segment
Summary
Longroads initial equity investment will provide growth capital to Valtas robust development pipeline, thereby positioning the company for more rapid expansion. We are impressed with its business and market focus, and anticipate the funding will unleash the highly capable management team to do even greater things in the DG space," said Paul Gaynor, CEO of Longroad.Valta Energy CEO Mark Milius: "We are thrilled with the partnership between Longroad and Valta. The opportunity to combine Valtas customer-focused corporate expertise with Longroads renewable energy expertise and capital efficiencies will fuel explosive growth in Valtas in-house development of DG projects and its acquisition of late-stage development assets across the country. In the meantime, Longroad will leverage its financial and procurement skills and relationships to add value to Valta.Founded in 2016, Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services. Today, Longroad owns 1.6 GW of wind and solar projects across the United States in addition to operating and managing a total of 3.5 GW of wind and solar projects on behalf of Longroad and third parties.