Basalt Infrastructure Partners and IGS Close Two Additional Portfolios for Habitat Solar

NEW YORK – IGS Ventures (“IGS Ventures”) and funds advised by Basalt Infrastructure Partners LLC (“Basalt”) announced today that they have closed two additional residential solar investment portfolios.  Capital raised for the two new portfolios will be used to build approximately 4,500 residential solar systems under 25-year leases and power purchase agreements across multiple states.  Together with previous investments, the Habitat Solar (“Habitat”) platform has raised approximately $942 million of total capital commitments.

Wil Jones, Partner at Basalt Infrastructure Partners, said: “Habitat’s continued growth with IGS demonstrates ability to execute on growing demand for residential solar, despite recent market volatility.”

Brandon Childers, COO at IGS, said: “Investment partnerships like the one we share with Basalt Infrastructure Partners allows us to provide solar energy to more homeowners so that they can realize the financial and environmental benefits.”

About IGS Energy

IGS Energy is redefining what it means to be a retail energy company. We are leading a transition to a moresustainable energy future for a healthier planet by empowering home and business customers to source the energy that’s right forthem, manage their costs and carbon footprint, and protect the systems that keep their homes runningefficiently. 

 As a proudly private company that follows the principles of Conscious Capitalism, we prioritize the needs of our customers, our employees and the communities where we live and work. 

 IGS Energy offers sustainable technologies and services, including 100% renewable electricity, carbon-neutral natural gas, solar energy systems and other energy-efficiency products. We serve as a trusted advisor to more than 1 million customers nationwide, making an ever-changing and complex industry simpler. ​

About Basalt

Basalt is the investment advisor to infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and communications infrastructure in North America and Europe. Current investments in North America by funds advised by Basalt include Helios Power, Black Bear Transmission, Habitat Solar, Xpress Natural Gas, Skyway Towers, Fatbeam, and Fortbrand.

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