BlueWave, a Boston-based solar and energy storage developer that specializes in dual-use projects, has been acquired by infrastructure investment management firm Axium Infrastructure. The purchase price was not disclosed.
Subscribe today to the all-new Factor This! podcast from Renewable Energy World. This podcast designed specifically for the solar industry launches May 9th with a deep-dive breakdown of the Auxin Solar tariff petition, including the impact to PPA markets and corporate net-zero targets. Under terms of the deal, BlueWave will keep its name and employees as the company focuses on growing its solar energy and storage development portfolio.
Axium said it plans to support BlueWave’s community solar development and the practice of agrivoltaics and floatovoltaics.
This is Axium’s first renewable development company acquisition.
BlueWave said it would transition from a solar and storage developer to a model that includes building, owning, and managing projects in its portfolio, focusing in the near term on hiring staff to support the move.
BlueWave has developed and built more than 150 MW of solar projects to date.
