Solar project developer-operator Headwater Energy today announced it has completed the acquisition of Arena Renewables, a distributed generation solar and battery energy storage system developer. Arena’s leadership team will continue to operate the business, supported by Headwater’s capital resources and institutional infrastructure.
Arena Renewables
“Arena has built an exceptional platform: disciplined development, a talented team, and a compelling pipeline across solar and storage,” said Michael Cohen, CEO of Headwater Energy. “We have followed Arena closely, and we share a deep conviction in the strategy they’ve built. We couldn’t be more excited to support the team as they continue to grow.”
Headwater started in 2023 following the merger of Oakhurst Energy and Aspen Creek Power, two solar companies with different expertise that collaborated on PV projects.
Headwater will support Arena’s nearly 1-GW project pipeline.
“Headwater knows our team, our strategy and our execution track record,” said Matt Kozey, co-founder and CEO of Arena. “With their capital and infrastructure behind us, we can move from development to placed-in-service assets faster, building with the same culture and values that have defined Arena from the start.”
News item from Arena Renewables
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