Kimmeridge Carbon Solutions Commits $15 Million to US Light Energy – A Highly Regarded Developer of Community Solar Solutions

Kimmeridge, an alternative asset manager focused on the energy sector, announced an investment of $15 million in US Light Energy, a distributed generation solar developer, specializing in community solar projects across the United States. The investment was made through Kimmeridge Carbon Solutions, a dedicated fund focused on investments at the front end of the carbon abatement cost curve. 

Kimmeridge's investment in US Light Energy underscores the tremendous potential of the solar energy sector, and the strong returns available to project developers that can assemble early-stage projects. As the renewable energy market continues to evolve, the United States is poised for significant growth in community solar energy generation, with new markets opening up in California, Nevada, and New Mexico. Kimmeridge will be at the forefront of this transformative industry by partnering with and accelerating the company's growth trajectory.  

Mark Richardson, CEO of US Light Energy, expressed his enthusiasm about the collaboration with Kimmeridge: "We couldn't be more excited to partner with Kimmeridge. Kimmeridge's reputation as a proven, value-oriented investor with strong knowledge of the energy sector aligns seamlessly with our vision. The partnership will advance our mission of providing clean, community-driven solar energy solutions in New York, while empowering expansion into other states with burgeoning community solar programs."

Henry Makansi, Managing Partner at Kimmeridge, commended the quality of the US Light Energy team and portfolio, stating, "US Light Energy is ideally situated, with a talented team, deep expertise and a robust portfolio of community solar projects. We are excited to partner with them on this journey, leveraging their expertise in distributed generation solar to create long-term value for all stakeholders."

US Light Energy | uslightenergy.com

Kimmeridge | kimmeridge.com