Friday, April 29, 2022

Coast Energy Gets Investment For Solar PPA Effort

Los Angeles-based Coast Energy, a developer of commercial and industrial solar projects, says it has received a growth investment from Crosstimbers Capital Group to accelerate its solar PPA effort. Size of the investment was not announced, however, the company said it was a "significant growth investment." Coast Energy says it has plans to develop, own, and operate over $400 million worth of solar, energy storage and related energy projects throughout the United States. Solar PPA developers typically put solar panels on commercial and industrial buildings and property, and sell the energy produced by those panels back to the property owners over a long term contract. Coast Energy is led by Founder and CEO Blair Herbert.