hep solar North America

What hep solar North America does

hep solar North America is the US and Canadian operating subsidiary of hep global GmbH, a German owner-managed solar specialist founded in 2008 and headquartered in Güglingen, Baden-Württemberg. The North American entity, hep Energy USA Holding, Inc., is based in Huntersville, North Carolina, with a Canadian regional subsidiary (hep Energy Canada Ltd.) in Calgary, Alberta. The company is vertically integrated across the full solar value chain — greenfield development, engineering, procurement, construction, financing, and long-term operations and maintenance — with 31 operational projects and over 990 MW of development experience in North America, plus a US pipeline of approximately 1,760 MWp (DC) across 30+ projects as of 2024.

The core product surface comprises utility-scale and community solar farms sold to or financed through the parent's regulated German fund vehicles (HEP Kapitalverwaltung AG-managed AIFs, including EU Article 9 funds such as HEP – Solar Green Energy Impact Fund 1), the 'hep yolar' 15-year corporate solar lease for mid-market companies, and a separate operations and maintenance service line. Technical work centers on PVSyst-based yield modeling with proprietary multi-source meteorological data merging and 3D shading analysis, plus solar-grazing vegetation management in partnership with North Carolina farms. Go-to-market is sales-led: direct enterprise relationships with electric cooperatives and municipal utilities under 10–25 year PPAs (e.g., the EnergyUnited offtake for the 9.8 MWp Perendale park in Mocksville, NC), landowner lease origination, and corporate lease sales, supplemented by channel partnerships such as the December 2024 Volllast GmbH agreement for land access in Germany.

The revenue model mixes one-time project development and sale income (the largest Canadian project generated EUR 42.2M), recurring management fees on Article 9 / AIF fund vehicles, and long-term O&M services, with the parent group reporting EUR 73.3M in 2023 sales and EUR 91.0M in total output. The business is structurally constrained by its reliance on German-resident investors for fund capital and by project-completion-driven revenue lumpiness (2023 group sales declined 23% year-over-year because no parks completed construction).

Name

hep solar North America

Legal name

hep Energy USA Holding, Inc.

Website

https://us.hep.global

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

hep solar North America is the US/Canadian subsidiary of German solar developer hep global GmbH. It develops, builds, finances, and operates utility-scale and community solar projects across the USA and Canada, selling power via long-term PPAs to utilities and cooperatives, leasing corporate sites via 'hep yolar,' and raising capital through Article 9 German investment funds.

Ownership category

akta.pro rank

Headquarters

HQ city

Huntersville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development and Sale: hep solar develops, builds, and sells solar projects. Revenue is generated from the sale of projects in the USA and Canada to German fund companies. The company covers the entire value chain from greenfield development to construction and long-term operation. The sale of the largest Canadian project generated EUR 42.2 million in revenue.
2. Investment Fund Management: hep solar operates investment funds through HEP Kapitalverwaltung AG, offering international solar investments to German investors. In 2023, three additional Article 9 sustainable investment funds were launched, raising EUR 16.3 million in limited partnership capital. The public AIF HEP – Solar Green Energy Impact Fund 1 raised EUR 35.4 million in 2023. The company manages funds including HEP Solar USA 2, HEP Solar Club Deal 1, and HEP Solar Portfolio 2.
3. Operations & Maintenance: Long-term operational management of solar farms, optimizing performance of the solar fleet. The company manages projects from greenfield development through operation.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

hep solar North America is a vertically integrated solar farm developer that develops, builds, finances, and operates utility-scale and community solar farms across the United States and Canada. The company sells projects primarily into its own German-domiciled investment funds, offers long-term operations and maintenance services, and provides a corporate solar lease product (hep yolar) that delivers turnkey on-site solar to commercial companies on 15-year contracts.

Product overview

hep solar North America operates as a vertically integrated solar developer offering a comprehensive suite of services spanning solar farm development, construction, financing, and operations. The company manages multiple investment fund products including HEP-Solar USA 2 Fund, HEP – Solar Green Energy Impact Fund 1, and HEP Solar Club Deal 1, which enable German investors to participate in North American solar projects. The core offering includes utility-scale and community solar projects, complemented by the hep yolar branded product—a 15-year lease model for commercial companies seeking on-site solar installations. Additional services include landowner partnerships for lease revenue, operations and maintenance optimization, and development services. The company operates 31 solar projects with over 990 MW of development experience in North America.

Differentiator

Problem solved

Functional benefit

Brands

• hep yolar: A rooftop solar system brand offering an all-round carefree lease model for companies that have at least 1,500 square meters of space available.

Products and services

• Solar Farm Development, Construction & Operations Vertically integrated solar farm services covering greenfield development, construction, financing, and long-term operation of utility-scale and community solar projects across the United States and Canada. Targets electric cooperatives, municipal utilities, and corporate energy consumers.
• hep yolar An all-round carefree lease model for companies offering company-owned solar parks. Provides design, planning, permits, construction, operation, and financing of solar plants on a 15-year lease basis for companies with at least 1,500 square meters of available space; the solar park is transferred to the client company after 15 years.
• HEP-Solar USA 2 Fund Investment fund vehicle managed by HEP Kapitalverwaltung AG that owns and finances hep solar's US solar projects, including the Perendale solar park (9.8 MWp) in Mocksville, NC. Available to German investors permanently residing in Germany.
• HEP – Solar Green Energy Impact Fund 1 (SGEIF 1) A sustainable public fund classified as an Article 9 fund under the EU sustainability taxonomy that invests in international solar projects including projects in Japan and North America. The fund raised EUR 35.4 million in 2023.
• HEP Solar Club Deal 1 A special AIF (Alternative Investment Fund) enabling financing of specific solar projects, including the Canadian solar project Alderson in Alberta, hep solar's largest project to date.
• Landowner Lease Services Services for landowners offering reliable long-term lease revenue through hosting solar farms on their properties, providing stable, diversified income from land with limited agricultural utility.

Quantifiable outcome

• CO₂ emissions amortized in less than two years of solar park operation (global average)
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Volllast GmbHcoreStrategic or Co-development Partner · 2 December 2024hep solar signed a cooperation agreement with Volllast GmbH, a PV specialist rooted in southern Germany, to jointly implement solar projects with an annual connection capacity of 100 MWp (DC). Volllast contributes expertise in securing local land and takes responsibility for this first step of project development. hep solar is responsible for grid connection, construction, electricity marketing, and operations and maintenance. The partnership provides long-term planning security and strengthens regional presence in southern Germany. This cooperation supplements hep's existing 2023 agreement providing exclusive access to over 10,000 sites in Central Germany.
• TSG HoffenheimminorGTM or Marketing Partner · 11 July 2022hep solar became a Business Team Partner with TSG Hoffenheim Bundesliga football club for three seasons (until June 30, 2025). The partnership includes title usage rights, TV-relevant perimeter advertising, hospitality packages, and hep is presenting partner of the 'climate ticket' at the climate-neutral club. The climate ticket proceeds are donated to ForTomorrow organization to decommission European CO₂ trade emission rights. hep also serves as jersey sleeve partner for DFB Cup matches.
• Stern Stewart InstituteminorStrategic or Co-development Partnerhep solar cooperates with the Stern Stewart Institute, which specializes in the initiation, financing, administration, and implementation of projects in Africa. Stern Stewart took over project organization on site and supported the construction of hep solar's second solar project for the Burkina Faso Institute of Technology (BIT). The partnership enables hep's international humanitarian emergency aid commitment in West Africa.
• Stadtwerke StuttgartminorStrategic or Co-development Partnerhep solar set new course with Stadtwerke Stuttgart to realize joint solar projects in Germany, as part of the company's strategy of regional cooperation and partnerships.
• 37 Roots Farm (Alex Greer)minorStrategic or Co-development Partnerhep solar partners with 37 Roots Farm, a fourth-generation family farm in Davidson County, North Carolina owned by Alex Greer. Alex manages Katahdin sheep at two hep solar North Carolina solar farms (RCCC in Salisbury and Perendale in Mocksville) for solar grazing vegetation management. Alex was awarded a $7,500 NC AgVentures Farm Grant to purchase portable livestock-handling equipment. This partnership demonstrates hep's commitment to sustainable vegetation management and support for local farmers.
• EnergyUnitedcoreChannel Partner/ Reseller/ DistributorEnergyUnited is an electricity cooperative that is the buyer of all electricity produced by the Perendale solar park in Mocksville, North Carolina (9.8 MWp). The cooperative represents the offtake partner for this project, purchasing power generated by the solar park owned by the HEP-Solar USA 2 fund.
• ForTomorrowminorGTM or Marketing PartnerThrough the TSG Hoffenheim climate ticket partnership, hep solar supports ForTomorrow – an organization that buys up and decommissions emission rights from the European CO₂ trade. hep solar donated proceeds from the climate ticket to this organization.
• Peak Clean EnergycoreOthershep acquired Peak Clean Energy in 2020 as part of its North American expansion, acquiring project development capabilities and solar development pipeline in the United States.
• ReNew PetracoreOthershep acquired ReNew Petra (a solar company) in 2020 as part of its North American expansion, adding operational solar assets and development capabilities.
• WWF Gold Sponsorship – Mountain Gorilla GeorgeminorGTM or Marketing Partnerhep solar is a WWF Gold Sponsor supporting George the mountain gorilla and its family in the Congo, Rwanda, and Uganda. George serves as the company's brand ambassador, embodying values of teamwork, empathy, and consideration for nature. The sponsorship supports conservation of the approximately 700 remaining mountain gorillas in the wild.
• FaandimaminorStrategic or Co-development Partner'Faandima' (meaning 'development') is an aid organization that hep solar supports in Burkina Faso, West Africa. The organization supports needy women and children to lead self-determined lives through legal assistance, health, and education services. hep has partnered with Faandima since 2020, supporting cashew and mango agricultural exports and solar installations for educational campuses.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Market position

Weaknesses5 records

Competitive moat5 records

Customer concentration

• Facebookfacebook.com/hepglobal
• LinkedInlinkedin.com/company/hep-na
• Instagraminstagram.com/hepglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 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 hep solar North America