In Cincinnati, Ohio, Harrison Street announces the acquisition of a 28MW solar project under construction on land owned by the zoo.
A confirmed presence
In Cincinnati, the announced solar project represents the second investment in the region. Indeed, Harrison Street would acquire CoolCo in 2019. The company is one of the leading asset managers dedicated to alternative real assets with $50 billion in assets under management.
Soltage, a solar project developer and independent power producer, initiated this project. Melink Solar Development, a solar developer and installer, began its development. In addition, the project is fully contracted for ten years with two power purchase agreements.
A local partnership
This confirms Harrison Street’s investment in the area in Cincinnati .Carolyn Arida, managing director and head of utilities for Harrison Street, says:
“We value our partnership with the City of Cincinnati and are excited to expand our footprint in the region. We look forward to continued investment in clean infrastructure and working with Cincinnati on its decarbonization efforts.”
In addition, Indiana-based EPC contractor Inovateus Solar is building the project.
CoolCo actively supports Cincinnati’s sustainability initiatives. The company is a member of Cincinnati’s Green Umbrella Group and a professional partner of Cincinnati District 2030. Harrison Street is an investor in the alternative real asset sectors, including solar and clean energy infrastructure.
A strategic positioning
Since 2018, Harrison Street has committed $550 million in equity to investments in wind, solar and hydro projects. The company’s renewable energy portfolio includes over 1000MW of installed capacity. In addition, the company is partnering with Soltage since 2021.
Christopher Merrill, Harrison Street co-founder, president and CEO, says:
“As the demand for high-quality renewable energy assets continues to grow, we are excited to continue to leverage our company’s expertise in investing in renewable energy and other clean energy infrastructure that advances the evolution of our nation’s sustainability goals.”
So this project in Cincinnati reflects the expansion of Harrison Street. This highlights the company’s social infrastructure strategy and its commitment to finding attractive renewable energy opportunities.
