NEW YORK, NY [January 7, 2020] – Madison Energy Investments (“MEI”) announced today its portfolio has surpassed the 200 MW mark. The portfolio consists of projects across 17 state markets with a variety of customers including corporates, energy retailers and utilities, colleges and universities, cities and government entities and low income communities.
“We are excited to see our portfolio grow to 200 MW and to do so in such a short time,” states MEI Managing Partner Richard Walsh. “Our business model is predicated on working with local partners and we couldn’t have done this without them.”
The MEI team has grown in parallel with the portfolio and the team is now at 16 strong with the expectation to add 2-3 more in the first quarter. “It all comes down to our partnerships and our team,” says Managing Partner Jack Hachmann. “We have carefully formed a lean team of self-starters and together with our development partners and financing partners, we are building what we believe to be is a world-class portfolio of C&I solar and storage assets.”
With two recent deals signed at the end of the year the MEI portfolio expanded to 17 states. “It is exciting to be in 17 states, but we think we can be in 50,” says MEI Managing Partner Steve Cunningham. “The economic case is clear and we anticipate additional tailwinds from corporates looking to meet ESG goals and states pushing renewable energy policy.”
The MEI team expects 2021 to be a banner year and looks forward to continuing to accelerate the transition to clean energy with our partners.
Madison Energy Investments is a platform that develops, constructs, owns and operates distributed generation assets within the commercial and industrial (C&I) and small utility-scale sectors. The team’s diverse experience has produced best practices across all phases of the industry from origination to asset management. Quality partnerships and the ‘execution mindset’ drive us to be the best team in the industry. To date, MEI has over 200 MW under contract across 17 states.