DIF Capital Partners, investing through its latest infrastructure fund, is acquiring a majority interest in Green Street Power Partners, a US-based solar platform.
The manager’s DIF Infrastructure VII fund has agreed to buy the stake in the developer and operator of distributed generation solar projects for an undisclosed amount.
Established in 2014, Green Street has developed over 300MW portfolio of operational and under-construction projects throughout the US. The company also has over 2GW of solar projects in its pipeline.
Gijs Voskuyl, partner and head of infrastructure at DIF Capital Partners, said the partnership with Green Street will further grow DIF’s North American renewable portfolio and marks DIF’s first distributed solar generation platform in the North American market.
Jason Kuflik, president of Green Street, said the partnership with DIF will enable Green Street to continue its growth efforts and press ahead with its 2GW-and-growing pipeline of projects.
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