Canadian infrastructure company acquires solar developer Navisun
“We are delighted to announce our investment in Navisun and look forward to working with founders John Malloy and Doug Johnsen and the rest of the management team to further scale his business. Navisun, like OMERS Infrastructure, is really focused on building long-term partnerships. We are excited about this opportunity to help Navisun achieve its goals of becoming a major platform for distributed solar power generation and storage,” said Tom Frazier, Americas managing director at OMERS Infrastructure.
Based in Hingham, Massachusetts and founded in 2017, Navisun focuses on solar and storage projects ranging from approximately 1 to 30 MW. The company acquires, co-develops, builds, finances, owns and operates distributed and small-scale solar and storage projects in the United States.
“We are delighted to announce Navisun’s partnership with OMERS, a highly experienced global investor. Our shared goal is to significantly expand Navisun’s position as a leading independent energy producer in the field of solar energy and storage. The long-term support from OMERS further enhances the execution security that Navisun is proudly known for,” said John Malloy, co-founder and managing partner of Navisun.
News item from OMERS Infrastructure