174 Power Global today announced that it has acquired OnForce Solar. OnForce Solar will become part of newly formed entity, 174 Power Global Northeast.
"The Northeast market is a key geography in our growth strategy, and this acquisition allows us to provide solutions in the underserved midscale commercial solar market, while making community solar more available to home and business owners," said 174 Power Global President Henry Yun, PhD. "OnForce Solar has been a pioneer in community solar, and we're excited to join forces with this reputable and successful company, further expanding our national utility-scale solar development portfolio."
"This transaction with 174 Power Global provides additional resources, infrastructure and capital that will enable us to expand our footprint and accelerate our Commercial Industrial and Community Solar operations. 174 Power Global and The Hanwha Group are forward thinking partners and we are pleased to be selected as part of their vision.," said OnForce Solar Founder, Charles Feit. "We look forward to working alongside 174 Power Global as we continue our mission to provide value to our customers as well as creating competitive jobs in the clean energy industry."