AP Solar Holdings, LLC

What AP Solar Holdings, LLC does

AP Solar Holdings, LLC is a privately-held joint venture between Avondale Solar, LLC and Solar Plus Development Inc. (a subsidiary of Plus Renewable Technologies Limited), formed to develop, structure, and construct utility-scale solar power projects in the ERCOT market in Texas. The company provides end-to-end project development services from greenfield origination through operations, covering land identification, permitting, regulatory compliance, interconnection, engineering, design, offtake execution, and asset management support. Its core technology asset is a proprietary site selection algorithm that evaluates transmission positions and load fundamentals within ERCOT, paired with deep institutional knowledge of Texas interconnection, permitting, and power market structures. The business generates revenue primarily through professional services development fees on utility-scale solar projects sold to institutional investors and asset owners (ACCIONA Energía, Copenhagen Infrastructure Partners, J-POWER USA, Shell Energy North America), with a secondary, low-volume e-commerce channel reselling branded solar panels (LONGi, ZNShine, Runergy, GSTAR, Sunpro Power, JA Solar) directly to small buyers through its website. The company has developed or sold over 1,100 MW of project capacity across three headline transactions totaling $460M+ in disclosed value, and is led by a management team with 150+ years of collective experience in power project development, structured commodities, capital markets, and Texas regulatory affairs.

Name

AP Solar Holdings, LLC

Legal name

AP Solar Holdings, LLC

Website

https://apsolarholdings.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

AP Solar Holdings is a Texas-based joint venture between Avondale Solar and Plus Renewable Technologies that develops, structures, and constructs utility-scale solar power projects in the ERCOT market, delivering de-risked projects to institutional investors and asset owners.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Project Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

akta.pro secondary industry

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

Keywords

• Utility-scale solar development
• Solar project development
• Renewable energy projects
• ERCOT power market
• Solar panel sales

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar Project Development: Full-service utility-scale solar project development from greenfield through operations, delivering de-risked projects to investors and managing all aspects including land identification, permitting, regulatory, interconnection, engineering, design, and offtake execution
2. Solar Panel Sales: Sale of solar panels through the company's website including products from LONGi, ZNShine, Runergy, GSTAR, Sunpro Power, and JA Solar manufacturers

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

AP Solar Holdings is a full-service utility-scale solar power project developer focused on the ERCOT market in Texas, delivering de-risked projects to investors by managing each project from greenfield development through to operations. Services span land identification, permitting, regulatory compliance, interconnection, engineering, design, implementation, and offtake execution with investment-grade counterparties. The company also retails solar panels from LONGi, ZNShine, Runergy, GSTAR, Sunpro Power, and JA Solar through its own e-commerce site.

Product overview

AP Solar Holdings is a joint venture between Avondale Solar and Plus Renewable Technologies Limited, operating as a full-service utility-scale solar power project developer focused on the ERCOT market in Texas. The company offers a portfolio of solar panels from manufacturers including LONGi, ZNShine, Runergy (Hyperion), GSTAR, Sunpro Power, and JA Solar. These products are sold through their e-commerce platform alongside their core development services. The company provides end-to-end solar development including greenfield development, financing, construction, land identification, permitting, regulatory compliance, interconnection, engineering, design, and asset management through to operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Solar Project Development Services End-to-end development of utility-scale solar power projects in the ERCOT Texas market, covering greenfield development, land identification, permitting, regulatory compliance, interconnection, engineering, design, financing, offtake execution, and asset management hand-off to operations. Delivered to investors, asset owners, and sponsor equity partners.
• LONGi 405W Solar Panel 108 Cell All-Black LR5-54HPB-405M Longi 405W monocrystalline all-black solar panel with 108 cells, sold through AP Solar's website at $183.71 per panel with minimum order of 10 panels.
• ZNShine Solar 410W Solar Panel 108 Cell ZXM7-SH108-410 (Clearance) ZNShine 410W solar panel with 108 cells sold as a clearance item at $193.19 per panel through AP Solar's website.
• Hyperion (Runergy) 405W Solar Panel 108 Cells Bifacial HY-DH108P8B-405 (Clearance) Runergy 405W bifacial solar panel with 108 cells sold as a clearance item at $194.40 per panel through AP Solar's website.
• GSTAR Solar 590W Solar Panel 144 Cell Bifacial Dual Glass GSD7S72T-590WT (Wholesale, 31 panels per pallet) GSTAR 590W bifacial dual-glass solar panel with 144 cells sold at $177.94 per panel with wholesale minimum order of 31 panels per pallet.
• Sunpro Power 440W Solar Panel 108 Cell All-Black Bifacial SM SP-440/108/FS30/BF Sunpro Power 440W all-black bifacial solar panel with 108 cells sold at $210.67 per panel through AP Solar's website.
• JA Solar 405W Solar Panel 108 Cells JAM54S31-405/MR (Clearance) JA Solar 405W monocrystalline solar panel with 108 cells (VOC 37.23V), sold as a clearance item at $197.44 per panel with minimum order of 10 panels.

Quantifiable outcome

• Red-Tailed Hawk project created approximately 400 jobs during peak construction and 15 permanent jobs once operational
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• J-POWER USA Development Co., Ltd.flagshipStrategic or Co-development Partner · 4 August 2020J-POWER USA is a wholly owned subsidiary of Electric Power Development Co., Ltd. (J-POWER) headquartered in Tokyo, Japan. J-POWER USA is headquartered in the greater Chicago area with long-term strategy to acquire, develop, finance and operate power generation facilities in North America. Joint development partner for 400 MWac Charger Solar project and 350 MWac Red-Tailed Hawk Solar project.
• Shell Energy North America (US), L.P.coreStrategic or Co-development Partner · 7 July 2020Shell Energy North America entered long-term hedge agreement to purchase physical power from Fighting Jays Solar project. Part of novel hedge program structured by Snapper Creek Energy Advisors, LLC.
• Solar Plus Development Inc. (SPDI)coreStrategic or Co-development Partner · 18 March 2020Subsidiary of Plus Renewable Technologies Limited. Co-developer with Avondale Solar through AP Solar Holdings joint venture for utility-scale solar projects in ERCOT market.
• Avondale Solar, LLCcoreStrategic or Co-development PartnerAvondale Solar is a privately-held investment holding company created for investing in utility-scale solar projects throughout de-regulated electricity markets in the US. Founded by affiliates of Snapper Creek Energy Advisors, LLC. Development team leaders are experts in capital markets, structured commodities, energy project development, environmental risk assessment and permitting, land acquisition and mineral transactions.
• Plus Renewable Technologies LimitedcoreStrategic or Co-development PartnerIndependent renewable energy and technology company with expanding global operations, primarily engaged in development and investment in renewable energy generation and storage, energy efficiency management, and energy asset management through its subsidiary Radian Generation. Owns operating renewable assets in China, Taiwan and the U.S.
• Radian GenerationcoreTechnology or IntegrationSubsidiary of Plus Renewable Technologies based in California. Uses proprietary asset management software LENS™ and is one of the world's largest renewable energy asset managers with over 11,000-13 GW of third party solar and wind generation assets under management. Provides comprehensive asset management solutions with proprietary software platform and dedicated services to owners of solar and wind power plants.

Scale indicators4 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• EnergySage: Solar equipment and panel e-commerce marketplace comparable to AP Solar's secondary hardware sales business selling solar panels direct via its website.
• Lightsource bp: Global utility-scale solar developer with significant US and Texas operations. Competes head-to-head for greenfield sites and institutional buyers in ERCOT.
• Leeward Renewable Energy: Utility-scale wind and solar developer owned by OMERS; develops, owns, and operates projects across the US including Texas. Similar pipeline development and project disposition strategy.
• Longroad Energy: Utility-scale renewable energy developer and asset operator with US projects including Texas. Comparable developer-to-investor model with similar multi-hundred-MW project sizes.
• Recurrent Energy: Utility-scale solar and storage developer and subsidiary of Canadian Solar; develops and sells projects globally with substantial US pipeline. Closely comparable full-lifecycle development model.
• Hecate Energy: Independent utility-scale solar and storage developer with significant Texas and broader US pipeline. Same developer-to-investor value proposition as AP Solar.
• Avantus (formerly 174 Power Global): Utility-scale solar and storage developer operating across the US, including Texas/ERCOT. Directly comparable to AP Solar in business model—greenfield development through project sale to institutional investors.

Broad incumbents

• EDP Renewables North America: Global renewables developer with US utility-scale wind and solar pipeline; competes in the same Texas market and shares the same buyer universe as AP Solar.
• ENGIE North America: Global renewable energy developer and IPP with significant US utility-scale solar operations including Texas. Overlaps with AP Solar on buyer side and project competition.
• EDF Renewables North America: Major utility-scale renewable energy developer with substantial ERCOT solar footprint; larger and more diversified than AP Solar but competes for the same institutional buyers and sites.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ap-solar-holdings-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 AP Solar Holdings, LLC