Madison Energy Infrastructure (Madison) and Sun Tribe have announced the acquisition of Sun Tribe’s commercial solar assets, marking a strategic move in the renewable energy market. With this acquisition, Madison strengthens its position as a leading clean infrastructure platform, poised to deliver sustainable solutions across diverse communities and organizations.
Strengthening Clean Energy Initiatives
Madison’s acquisition of Sun Tribe’s commercial assets underscores its commitment to advancing clean energy initiatives. Sun Tribe Solar’s pioneering work in the K-12 solar market in Virginia has facilitated the deployment of clean and affordable power to 94 schools in 21 counties over the past seven years. This acquisition aligns with Madison’s mission to deliver operational value, certainty, and sustainability to ambitious organizations and communities nationwide.
Evolution of Partnership
The acquisition agreement includes Sun Tribe’s current commercial projects, future pipeline, and the integration of its commercial development team into Madison. Rich Allevi, former president of Sun Tribe Solar, will continue to lead the commercial development team, ensuring a seamless transition and ongoing commitment to solar energy initiatives.
Focus on Utility and Community Scale Markets
With this transition, Sun Tribe will refocus its efforts on utility- and community-scale solar markets in the Appalachia, Mid-Atlantic, and Southeast regions. Through its businesses spanning key stages of the value chain, including development, engineering, procurement, construction, and asset management, Sun Tribe remains dedicated to driving renewable energy adoption in these regions.
Partnership for Growth and Impact
The acquisition enables Madison to amplify Sun Tribe Solar’s efforts in solarizing schools, extending the model across its nationwide footprint. Under Madison’s ownership, the commercial development team gains the ability to streamline origination, development, construction, and operation processes, ensuring a comprehensive approach to solar projects.
“I’m proud of our team’s achievements in saving school districts millions of dollars and providing valuable learning opportunities for students,” said Allevi. “With Madison’s support, we look forward to expanding our impact and bringing sustainable energy solutions to new communities.”
Madison Energy Infrastructure is committed to delivering sustainable results through its robust portfolio and comprehensive suite of services. Sun Tribe, headquartered in Charlottesville, Virginia, continues to be a key player in the clean energy landscape, delivering legacy-grade projects and fostering long-term partnerships built on trust and reliability.
As the renewable energy market continues to evolve, partnerships like Madison and Sun Tribe’s exemplify the collective effort towards a greener, more sustainable future.
Source：prnewswire.com
