Vienna, VA [December 13, 2021] – Madison Energy Investments (MEI) is proud to dedicate $50 million to a financing joint venture agreement with Louth Callan Renewables, a fast-growing national solar developer and construction company. The fund is dedicated to the development of solar energy projects for commercial, industrial and public sector clients throughout the United States.
Founded in 2019, Madison Energy Investments is a platform that finances, owns and operates distributed generation assets serving commercial, industrial and government customers throughout the United States. The firm has offices in Northern Virginia, New York City and Birmingham, Alabama.
Louth Callan Renewables is a national, solar development and construction firm based in Suffield, CT. Louth Callan Renewables has completed commercial-scale and community solar projects across the United States. Louth Callan Renewable’s client list includes investor-owned utilities, local governments and various industrial clients across the nation.
The financing joint venture between MEI and Louth Callan Renewables will finance the construction of solar energy projects, delivering significant energy savings and ESG benefits to clients.
MEI’s Managing Partner, Richard Walsh, expressed enthusiasm for investment in the C&I and MUSH solar markets. “MEI is thrilled to support Louth Callan Renewables’ growing solar development business. The Louth Callan Renewables team has demonstrated its ability to develop and construct quality projects, whilst conducting market development activities in emerging markets.”
Founder and CEO Nick Sylvestre stated: “We are excited to team up with MEI to continue growing our solar development and construction business. Madison’s flexibility and reputation in the market will further our growth in emerging markets throughout the country.”