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Activate Renewables Purchases Renewable Real Estate Portfolio from Alchemy

PLANO, Texas–(BUSINESS THREAD)–Activate Renewables, a leading acquirer of real estate and royalty interests in wind, solar and energy storage, is pleased to announce that it has recently closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy become

The portfolio consists of the real estate associated with five solar projects located throughout North Carolina and Texas. Terms of the agreement were not disclosed.

“We are pleased to support Alchemy’s business goals with this initial transaction,” said Maria Klutey, president of Activate Renewables. “We look forward to a continued relationship, allowing Alchemy to improve its capital efficiency by selling real estate interests to Activate.”

Enable working with developers to purchase land, leases or purchase options related to high quality renewable projects. Activate is financed by DE Shaw Renewable Investments (DESRI), with permanent capital that is lower in cost than equity and comes without the constraints of debt.

“By separating the cost of the land, Activate was able to help us improve both our returns and tax efficiency on this project,” said Lacie Clark, CEO of Alchemy Renewable Energy. “We look forward to working with Maria and her team in the future to help us optimize our economics by financing the property separately from the project itself.”

Activate’s industry-leading procurement process supports the goals of developers, while providing excellent customer service to individual landowners involved in large-scale solar and wind projects. To date, Activate and its affiliates have acquired or signed agreements to finance acquisitions totaling more than 8,800 solar acres and 62 wind turbines directly supporting more than 2.8 gigawatts of existing or planned renewable power generation in 20 states.

About Activate renewable energy

Activate Renewables is committed to driving new economy investments through the acquisition of real estate and royalty interests associated with high-quality wind, solar and energy storage facilities across the United States. For more information, please visit www.activate-renewables.com.

About Alchemy Renewable Energy

Alchemy Renewable Energy is an industry leader in renewable energy projects as well as comprehensive long-term debt and tax equity financing. The firm leverages a qualified team, a strong network of joint ventures, and parent company Monarch Private Capital to support premium mid-sized utility-scale renewable energy projects, including solar and biomass power generation. The company uses Monarch Private Capital’s tax equity placement services as the final element of its projects’ capital structure. In addition, Alchemy reduces overall project costs and delivers higher overall investor returns by eliminating the need to obtain third-party development and financing support.

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