Cincinnati seduces Harrison Street

In Cincinnati, Ohio, Harrison Street announces the acquisition of a 28MW solar project under construction on land owned by the zoo.

Share:

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.

Loblaw Group will deploy a 7.5 MW photovoltaic installation on the roof of its East Gwillimbury distribution centre, generating up to 25% of the site’s annual electricity and marking a new step for the Canadian logistics sector.
Savion, a Shell subsidiary, transfers majority ownership of five solar projects to Tango Holdings, 80% owned by Ares, to optimise the U.S. renewable electricity production portfolio and improve the profitability of the oil group’s investments.
Investment fund KKR is committing $335mn in a strategic partnership with CleanPeak Energy to accelerate the rollout of solar, storage and microgrid solutions aimed at Australian businesses.
Bluebird Solar is initiating a significant investment plan in Greater Noida to increase its production capacity to 2.5 GW and integrate automated lines powered by artificial intelligence.
TotalEnergies ENEOS has commissioned a 680-kilowatt photovoltaic facility at TechnipFMC’s Johor Bahru site, supplying 20% of the factory’s energy needs under an 18-year power purchase agreement.
Voltalia has been selected for the construction of two photovoltaic plants in Ireland, totalling 92.9 megawatts, further strengthening its presence in the country’s solar infrastructure market.
The latest report from the International Renewable Energy Agency confirms the cost superiority of renewables, but highlights persistent challenges for grid integration and access to financing in emerging markets.
EDP Renewables North America and California Water Service have entered into a 20-year agreement to supply solar energy to a strategic Bakersfield site, reducing grid energy costs by about $1.7mn over the contract duration.
Solar growth in the European Union is seeing its first annual contraction in ten years, following reduced subsidies and shifting budget priorities in several member states.
Scatec secures the development of a 846 MW photovoltaic cluster in the Free State province, with an investment of ZAR13bn ($735mn), following the seventh round of South Africa's REIPPPP programme.
Enbridge invests $0.9bn in a 600 MW solar facility in Texas, fully dedicated to powering Meta Platforms, Inc.'s data centres through a long-term power purchase agreement.
ENGIE has announced the acquisition of 22 distributed solar projects in Pennsylvania, further strengthening its renewable energy expansion strategy while supporting the local economy and enhancing the reliability of the distribution grid.
Estuary Power commissions the Escape Solar and Storage project in Nevada, integrating 185 megawatts of solar capacity and securing enhanced financing from institutional investors to supply electricity to several major players in the leisure sector.
New anti-dumping tariffs and Foreign Entity of Concern (FEOC) restrictions are disrupting the US solar supply chain, while ongoing dependence on China exposes the industry to significant risks, according to Wood Mackenzie.
Sri Lanka and the International Solar Alliance (ISA) have signed a strategic partnership to accelerate solar energy deployment in the country, aiming for 70% renewable energy by 2030.
Sunrun announced the pricing of its $431 million securitization, involving leases and power purchase agreements. This marks the company’s 14th public securitization and its third of 2025.
Resalta has completed the acquisition of Statkraft’s Croatian platform, expanding its presence in renewable energy across Eastern Europe, with a portfolio of projects and a full local team.
Gaia Renewables 1 has acquired a 10% stake in two solar power plants in the Northern Cape, following regulatory approval and financial close, strengthening its portfolio of independent assets.
Dutch firm Gutami Holding has signed a 25-year agreement with Burkina Faso and national utility SONABEL for a 150 MW solar project with 50 MW storage, valued at over €100mn ($109mn).
SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.