Expansion Focus Hexagon Energy's recent expansion into Virginia demonstrates their commitment to scaling renewable projects across different regions, presenting opportunities for regional equipment suppliers and construction partners.
Asset Transactions The company's recent sale of a large solar project to TerraForm Power indicates a readiness to divest mature assets, suggesting potential for collaboration in project development, brokerage, and asset management services.
Strong Investment Support A significant $45M investment from Altius Renewable Royalties underscores investor confidence, providing avenues for further financial partnerships, joint ventures, or co-development opportunities.
Project Development Experience Hexagon Energy's history of developing solar PV projects with long-term PPAs for major utilities reveals their expertise, which can be leveraged for consulting, technology supply, and EPC opportunities.
Mid-sized Market Niche With revenues between $25M and $50M and a relatively small team, Hexagon Energy offers flexible partnership possibilities for suppliers looking to collaborate with agile, growth-oriented renewable firms.