Arcadia and Perch Energy have merged to create the largest dedicated community solar platform in the U.S., managing over 3 GW of solar capacity across 16 states.

Target Information

Arcadia and Perch Energy have announced a significant partnership to form a new venture that will unify their community solar businesses, creating the largest standalone platform for community solar acquisition and management in the United States. The new entity will be majority-owned by Arcadia and will be directed by Bruce Stewart, the current President and CEO of Perch, who will take on the role of CEO in this joint venture. Kiran Bhatraju, the CEO of Arcadia, will also maintain a position on the Board of Directors, underscoring the collaborative leadership between the two companies.

This merger is a strategic move, with both companies having established themselves as leaders in the community solar sector. With extensive experience in energy distribution and management, they have a proven track record of delivering notable returns on investments for their solar developer partners and providing exceptional customer service to a diverse clientele, which includes commercial, residential, and low-to-moderate-income (LMI) households.

Industry Overview

The landscape for community solar in the United States has evolved over the past decade, gaining traction in various states where policy frameworks have enabled its expansion. Community solar provides a compelling model whereby homeowners, renters, and businesses c