
(Shutterstock.com)
Renewable developer Green Lantern Solar has divested its Brighton Solar project in Vermont to investment firm Sea Oak Capital, according to a Jan. 15 press release. Financial details of the transaction were not disclosed.
The 500-kW project is sited on the closed portion of an operating family-owned gravel operation. Green Lantern said the project demonstrates the potential to transform otherwise “unproductive” land into a clean energy source.
The project serves nearby farms, the town of Brighton and the Newport Ambulance Service, a nonprofit regional ambulance service that covers 18 towns in three Vermont counties, the release said.
Brighton Solar is designed to help landowners achieve full compliance with land use permits, and provide “generational sources of income to landowners, support local businesses and revitalize underutilized spaces," said David Carpenter, Green Lantern Solar’s vice president of development and chief legal officer.
Green Lantern works with landowners to re-develop sites such as brownfields, landfills, quarries/pits/extraction sites and other challenging real estate, the company said.
Recommended Reading
Expand Appoints Dan Turco to EVP of Marketing, Commercial
2025-02-13 - Expand Energy Corp. has appointed industry veteran Dan Turco as executive vice president of marketing and commercial.
Imperial Appoints New President, CEO Following Brad Corson’s Retirement
2025-02-13 - Imperial’s board of directors has appointed Exxon Mobil’s John Whelan as president effective April 1 and to assume the roles of chairman and CEO on May 8.
Italy's Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project
2025-02-13 - Italy's largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France's TotalEnergies, Australia's Santos and the U.S.' Exxon Mobil.
Trump Nominates E&P Advocate Sgamma to Head Bureau of Land Management
2025-02-12 - If confirmed by the Senate, Kathleen Sgamma, president of the Western Energy Alliance, would oversee management of approximately 245 million acres of surface lands.
Chevron to Lay Off 15% to 20% of Global Workforce
2025-02-12 - At the end of 2023, Chevron employed 40,212 people across its operations. A layoff of 20% of total employees would be about 8,000 people.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.