GreenKey Solar

What GreenKey Solar does

GreenKey Solar is a Portland, Oregon-based private solar project developer founded in 2009 by Hunter Strader and Troy Snyder. The company develops photovoltaic (PV) solar farms under two core offerings: Community Solar and Utility-Scale Development. The Community Solar model leases land from farmers and landowners to build solar farms, then allows residential and commercial subscribers to benefit from solar energy credits on their utility bills without installing panels on their own property. The Utility-Scale Development line provides full-service project delivery from greenfield (zero existing infrastructure) through due diligence, utility interconnection, capital partner coordination, project management, and ongoing asset management, with typical site sizes ranging from 10 to 60 acres.

GreenKey generates revenue through a combination of one-time development fees on utility-scale project sales, recurring community solar subscription revenue, long-term land lease arrangements with landowners, and ongoing asset management services on its operational portfolio. Sister company Renewable Acres handles engineering, procurement, and construction, providing vertically integrated EPC capability. The company partners with utilities for interconnection agreements and power purchase agreements, and with capital partners ranging from private families to traditional banks for project financing.

GreenKey has built 70+ solar farms totaling 250+ MW of developed capacity across Oregon, Illinois, and Pennsylvania, self-reporting as the #1 developer in Oregon and a Top 5 developer in Illinois and Pennsylvania. The company employs approximately 25-30 people across development, engineering, permitting, finance, legal, and asset management functions. Its go-to-market is relationship-driven direct engagement with landowners, supported by content marketing, email newsletters, LinkedIn presence, and industry conference participation. The company is privately held by its co-founders with no disclosed external institutional investors or funding rounds.

Name

GreenKey Solar

Legal name

GreenKey Solar LLC

Website

https://greenkeysolar.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

GreenKey Solar is a Portland, Oregon-based private solar developer that builds community solar and utility-scale photovoltaic farms across Oregon, Illinois, and Pennsylvania, having developed 70+ farms totaling 250+ MW. The company leases land from landowners, serves community solar subscribers and utility partners, and operates a sister EPC company called Renewable Acres.

Ownership category

akta.pro rank

Product category

Solar Energy Development

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

Keywords

• Community solar development
• Utility-scale solar
• Solar project development
• Land lease solar
• Solar asset management

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Land Lease Arrangements: GreenKey leases land from landowners to build solar farms, providing passive income to property owners for decades while developing the solar project.
2. Community Solar Subscriptions: Residential and commercial customers subscribe to community solar farms, generating revenue through energy bill savings and providing ongoing income streams for the company.
3. Utility-Scale Solar Development: Development and sale of utility-scale solar projects to utilities and capital partners, with typical site sizes ranging from 10 to 60 acres.
4. Asset Management: Ongoing asset management services for operational solar farms, managing relationships with utilities and capital partners post-construction.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

GreenKey Solar is a solar development company that leases land from landowners to develop community solar and utility-scale solar farms. The company develops, owns, and manages solar projects across Oregon, Illinois, and Pennsylvania, while also offering subscription-based community solar programs to residential and commercial energy consumers and asset management services for operational solar farms.

Product overview

GreenKey Solar is a solar development company offering two core service offerings: Community Solar and Utility-Scale Development. The Community Solar program enables landowners to lease their land for solar farm construction while community members subscribe to receive solar benefits. Utility-Scale Development provides comprehensive project development services from initial greenfield stage through to operational systems, managing due diligence, utility partnerships, capital financing, and ongoing asset management. The company has developed over 250 megawatts across the country and operates primarily in Oregon, Illinois, and Pennsylvania.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Solar Subscription-based community solar program that allows residential and commercial electricity customers to subscribe to a share of a local solar farm, receiving credits on their utility bills without installing rooftop panels.
• Utility-Scale Solar Development End-to-end development of utility-scale solar farms, including site identification, permitting, engineering, and construction, for utilities, municipalities, and capital partners.
• Solar Asset Management Long-term operations and asset management services for operating solar farms, supporting capital partners and project owners after commercial operation.
• Landowner Lease Program Program through which GreenKey Solar leases suitable acreage from landowners to develop solar farms, offering free site assessments and long-term passive lease income.

Quantifiable outcome

• 70+ solar farms built
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Renewable AcrescoreStrategic or Co-development PartnerRenewable Acres is a sister company of GreenKey Solar that handles engineering, procurement, and construction (EPC) services. This integrated approach allows GreenKey to control the full development lifecycle from greenfield stage to operational solar systems.
• UtilitiescoreStrategic or Co-development PartnerUtilities collaborate with GreenKey to meet sustainability goals. GreenKey submits interconnection applications to utility queues and enters into long-term Interconnection Agreements enabling power sales from solar projects.
• Local AuthoritiesminorStrategic or Co-development PartnerGreenKey works with local authorities to ensure all projects meet and exceed local policies and standards. This includes obtaining permits and complying with land use regulations.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/greenkey

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 GreenKey Solar