Heelstone, a North Carolina-based solar and storage company, has been bought by Qualitas Energy, with a 20GW US solar, storage portfolio. The acquisition will facilitate Heelstone’s transition to become an independent power producer (IPP) with ownership of its projects and a history of project development. The deal aligns with Qualitas’ long-term goals to accelerate the development of renewable energy projects in the US, particularly in light of the Inflation Reduction Act’s (IRA) tax incentives. This acquisition marks Qualitas’s return to the US market after entering in 2008 through its Spanish subsidiary Fotowatio Solar Renewable Ventures, which it sold in 2015 to the Dubai-based Abdul Latif Jameel Energy and Environmental Services.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
