Adapture Renewables Expands into Colorado with Haynach Solar Acquisition
Deal News | Mar 17, 2025 | EIN
Adapture Renewables has made a strategic expansion into the Colorado energy market by acquiring the Haynach Solar project from Samsung C&T Renewables. The hybrid project will feature a 110 MW solar plant and a 110 MW battery energy storage system, designed to enhance grid stability, support peak demand, and enhance system efficiency. Expected for completion in 2029, this acquisition is part of Adapture's strategy to expand into new markets and strengthen its portfolio with battery storage projects. This move aligns with Colorado's state goals of achieving 100% carbon-free energy by 2040.
Sectors
- Renewable Energy
- Energy Storage
Geography
- United States – The acquisition and related projects by Adapture Renewables are part of the renewable energy landscape in the United States.
- Colorado – The Haynach Solar project acquired by Adapture Renewables is located in Colorado, marking the firm's first project in the state.
Industry
- Renewable Energy – Adapture Renewables' acquisition of the Haynach Solar project falls under Renewable Energy as it involves solar power and battery storage—a sector focused on sustainable energy solutions.
- Energy Storage – The inclusion of a 110 MW battery energy storage system highlights the Energy Storage industry, as it is key to improving grid stability and energy efficiency in renewable projects.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adapture Renewables | Acquirer | Company | A renewable energy company expanding its project development into Colorado. |
| Samsung C&T Renewables | Seller | Company | The initial developer of the Haynach Solar project, selling to Adapture Renewables. |
| Christina Conrad | VP of Mergers & Acquisitions | Person | An executive at Adapture Renewables overseeing the acquisition of the Haynach Solar project. |