Hyperion represents a diversified portfolio of construction-stage commercial and industrial (“C&I”) and distributed utility-scale solar generation assets to be installed across the northeast, southwest, and western U.S. power markets. The assets are based on proven, low-risk technologies supported by long-term warranties from tier-1 suppliers of key equipment. Hyperion will benefit from long-term contracted power offtake agreements. Additional revenues will be earned from the monetization of state-level renewable energy incentive programs. Hyperion represents Basalt’s third investment in North America, providing further geographic diversification for the Fund’s portfolio.

Basalt has partnered with Soltage, a highly experienced and established developer with over a ten-year track record of originating, designing, developing, financing, and operating electric power stations that leverage proven solar technology.