Renewable energy company Soltage LLC and infrastructure equity investment fund Basalt Infrastructure Partners LLP launched a new funding vehicle, Helios Power, which is expected to fund the construction of 200 MW of solar assets across the U.S
According to the company, the launch of Helios Power follows completion of the expansion of Hyperion Power, a collaboration between Soltage, funds managed by the Basalt group and also Basalt's first flagship fund (Basalt I), comprising a portfolio of 135 MW of distributed U.S. solar generation assets across diverse markets including California, Massachusetts, North Carolina, New Jersey, South Carolina and Georgia.
Soltage has developed more than 100 solar energy projects with more than 300 MW total distributed generating capacity under construction and management. Soltage is backed by a group of investors including Prudential Capital Group and is headquartered in Jersey City, New Jersey. Basalt Infrastructure Partners LLP is the exclusive investment adviser to the Basalt managed funds. Basalt I and Basalt II are infrastructure equity investment funds focusing on investments in utilities, power, transport, and communications infrastructure in the United States, Canada and Europe. Helios Power represents Basalt's eighth investment in the Basalt II fund.