US real estate developer Crow Holdings has launched a renewables business targeting several of the fastest-growing solar markets across the country to develop community- and utility-scale solar and battery projects.
Crow Holdings Renewables is initially focused on the entitlement and development of community solar projects (and related battery storage solutions) averaging 5MW and mid-sized, utility-scale projects averaging 25MW.
As a business line of Crow Holdings, which has greenfield development experience, Crow Holdings Renewables is also well-positioned to deploy rooftop solar on its portfolio of industrial properties, running to millions of square feet of industrial rooftops across the US.
“The country’s energy transition and renewables have demonstrably expanded opportunities in recent years, through federal and state support, improving technologies, declining costs, and customer engagement,” said Crow Holdings CEO Michael Levy.
“We are seeing material growth across the sector that we expect to continue for the foreseeable future, and we are excited to launch Crow Holdings Renewables at such a critical time.”
The Crow Holdings Renewables team has already identified and is pursuing suitable project locations in California, New Jersey, Maryland, and Illinois, with other markets to follow.
Crow Holdings Renewables is co-led by Laurence Pelosi, Senior Managing Director at Crow Holdings, and Tim Marvich, who recently joined the company as a Managing Director.