What Foundation Solar Partners does

Foundation Solar Partners was founded in 2019 as a Washington, DC-based developer of utility-scale solar and storage projects. It focused on greenfield origination in the MISO and PJM wholesale electricity markets, developing projects for subsequent sale to larger operators and strategic acquirers. In its first three years, a seven-person team developed and sold more than 800 MW of solar projects and accumulated a nearly 5 GW solar and storage pipeline. The team reported more than 65 years of combined experience at Cypress Creek Renewables, SunEdison, and other industry companies, with prior experience developing, acquiring, and managing more than 8 GW of renewable resources.

Revenue came primarily from one-time project and portfolio sales rather than disclosed recurring fees or subscriptions, and no public pricing or contract values were available. The disclosed core technology was a utility-scale solar development platform and execution capability; no proprietary software, patents, or named technical components were disclosed. In March 2023, Birch Creek Energy acquired Foundation Solar Partners from Hull Street Energy, after which the team and nearly 5 GW pipeline were integrated into Birch Creek's broader development platform. Transaction consideration was not disclosed.

Name

Foundation Solar Partners

Legal name

Foundation Solar Partners

Website

https://foundationsolarpartners.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Foundation Solar Partners is a Washington, DC-based utility-scale solar and storage developer that originated greenfield projects in MISO and PJM and sold developed assets to larger operators. It now operates within Birch Creek Energy.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industry

Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Utility-scale solar development
• Greenfield solar origination
• Solar storage projects
• Renewable energy development
• Solar project financing

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Revenue model

1. Solar Project Development and Sales: Foundation Solar Partners developed and sold utility-scale solar projects. The company generated revenue by originating greenfield solar projects, developing them through various stages, and selling completed projects or portfolios to larger operators. This is a classic development flip model common in the solar industry.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Foundation Solar Partners was an independent solar resource development company that originated greenfield utility-scale solar and storage projects, advanced them through permitting, interconnection and financing, and sold the developed projects or portfolios to larger operators. The company focused primarily on the MISO and PJM wholesale electricity markets, using a small, experienced team to identify high-value markets and execute projects through multiple paths to sale.

Product overview

Foundation Solar Partners was an independent solar development company acquired by Birch Creek Energy in March 2023. The company specialized in greenfield origination of utility-scale solar and storage projects in MISO and PJM markets, with a team of industry veterans from Cypress Creek Renewables and SunEdison. Following the acquisition, the company's capabilities and pipeline were integrated into Birch Creek Energy's broader solar development platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-scale solar and storage project development (MISO and PJM markets) End-to-end greenfield origination, development, permitting, interconnection, and financing of utility-scale solar and storage projects, culminating in the sale of developed projects or portfolios to enterprise acquirers such as Birch Creek Energy. Targeted at utility-scale solar developers, independent power producers, and infrastructure investors seeking shovel-ready projects.

Quantifiable outcome

• Developed and sold over 800 MW of solar projects in first 3 years
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Foley & Lardner LLPminorOthersActed as legal counsel to Hull Street Energy (seller) during the acquisition transaction.
• Nelson Mullins Riley & Scarborough LLPminorOthersActed as legal counsel to Birch Creek Energy (buyer) during the acquisition transaction.

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Market position

Strengths4 records

Weaknesses1 record

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/foundation-solar-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foundation Solar Partners