Community solar company Perch Energy today announced the acquisition of Solstice, a customer acquisition and management company in the community solar space.
A solar project in Westchester County, New York, owned by DSD Renewables, managed by Perch Energy. Photo credit: DSD Renewables
This deal establishes Perch as one of the most experienced and largest pure-play community solar acquisition and management servicing platforms in the United States. It strengthens Perch’s acquisition and management capabilities and its market footprint across all community solar markets. Solstice adds highly skilled technology, sales and operational talent, as well as additional financial investment into Perch Energy.
Following the acquisition of Solstice’s operational and under-contract solar projects and subscribers, Perch will manage over 3 GW of solar capacity across 1,000+ solar projects in 16 states, serving over 450,000 residential customer equivalents with proprietary software technology and automation. Solstice will contribute a portfolio of contracted solar projects representing 550 MW of capacity.
Today’s acquisition comes after Perch and Arcadia announced a new venture in 2025 combining both companies’ community solar businesses to create a new standalone company.
“Community solar continues to evolve, mature, and thrive in providing strong recurring clean energy savings to all American consumers during a dynamic energy transition impacting the U.S. This transition requires the most active companies, like Perch and Solstice, to likewise transform and join forces to expand delivery of the best services to consumers, project owners and developers,” said Bruce Stewart, CEO of Perch Energy.
Solstice was formerly owned by MyPower, a wholly-owned subsidiary of Mitsui & Co. Sandhya Murali, co-founder and CEO of Solstice, and Tyler Yasa, Solstice’s VP of growth and asset management, will assume key leadership roles at Perch Energy, amongst other Solstice employees joining the company.
News item from Perch Energy
