Onyx Renewable Partners L.P. Expands West with Acquisition of Scatec Utility Solar Team

May 11, 2016

Onyx Renewable Partners L.P., a leader in the development and finance of commercial and industrial (“C&I”) and small scale utility solar projects in North American markets, today announced that it has acquired the U.S. utility solar team formerly with Norway developer Scatec Solar. The new Onyx team members will continue to operate out of the former Scatec Solar offices in Sausalito, CA giving Onyx an immediate presence on the West Coast. “Our strategic plan to grow utility scale solar development required both a West Coast presence and the on-boarding of a proven team in the space” says Matt Rosenblum, CEO of Onyx. “The opportunity to bring over the entire former U.S. Scatec Solar team gives us immediate ability to meet those strategic objectives and hit the ground running”. The new Onyx utility scale solar team will be led by Luigi Resta and has already identified eleven (11) projects for development totaling over 1.2GW.

About Onyx Renewable Partners L.P.

Onyx is a renewable energy development company established by funds managed by Blackstone Energy Partners that is focused on greenfield development in the North American solar and wind sectors. The Onyx team brings over 250 years of collective industry experience and perspective, having developed more than 1 GW of renewable projects. As a full service firm with capabilities including development and construction through financing and operations, Onyx is able to provide creative solutions to large energy users and land owners in North America. Onyx prides itself on its ability to bring together exceptional talent with deep industry knowledge to solve challenging issues for clients looking to maximize renewable power generation. Onyx is headquartered in New York City.