iSun Announces Investment in Encore Renewable Energy

Solar energy and clean mobility Infra company iSun is making a strategic minority interest equity investment in Encore Renewable Energy, one of the Top 20 US commercial solar developers.

iSun offers the following key highlights of the new agreement:

• Investment to accelerate expansion of iSun’s Commercial, Industrial and Utility businesses into new geographic markets
• Provides collaboration opportunities across both parties’ project pipelines
• Extends Encore’s long-term experience as a registered B-Corp to iSun’s ESG initiatives
• Enables Encore to expand its geographic reach while advancing innovative clean energy solutions including solar + storage, brownfield redevelopment and dual land-use/agrivoltaics initiatives
• Further strengthens the long-standing relationship between two leading innovators in the community-scale clean energy sector.

“This partnership reflects the progress we’ve steadily been making against our three-pronged strategy for growth,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “By deepening our long-standing relationship with Encore Renewable Energy, we will gain invaluable insights into new geographic markets which we can use to further advance our C&I strategy. Equally important: we will be strengthening a long-term relationship with a partner whose values and commitment to innovation mirrors ours.”

“Encore’s experience in reclaiming undervalued real estate for clean energy generation and storage, and revitalizing communities with the deployment of agrivoltaic solutions illustrates their understanding of the challenges often associated with getting buy-in for community-scale clean energy development projects, and ultimately reduces barriers for solar adoption. As a Certified B Corporation and a values driven organization, Encore is a leader in creating a new industry standard. We’re proud to have them as a partner,” he added.

“This new infusion of capital from iSun will allow us to more than double our project development pipeline over the next 12 months,” offered Chad Farrell, CEO and Founder of Encore Renewable Energy. “Deploying additional community-scale solar and solar + storage solutions across the Northeast and other strategic markets supports our ongoing work to accelerate the transition to a robust clean energy economy powered by low cost, carbon free renewable resources.”