The combined company integrates RPP’s pipeline and assets with Neuwing’s current energy consulting and solar development businesses. NRE’s pipeline consists of approximately 300 MW of primarily utility-scale solar farms currently in various stages of development, as well as an additional 800 MW of project pipeline in negotiation with landowners and regional utilities.
"This merger creates one of the East Coast’s largest solar development companies, based on project pipeline and megawatts currently under development," said Robert Rabe, RPP’s founder and president.
"We all benefit from the increased scope, scale and critical mass afforded by this merger, which substantially increases our financial capability, adds value to existing projects and creates new opportunities for growth. We are stronger and more diverse as a combined entity."
"This merger has created an exceptional platform for operational execution and future growth," added Chad Gottesman, president and CEO of the newly combined entity.