Fengate launches Fengate Distributed Generation Partners, closes on development partnership with 42 Renewables

April 26, 2022

Fengate Asset Management (Fengate) today announces closing on a new development partnership with 42 Renewables and the launch of Fengate Distributed Generation Partners.

With a proven management team and unprecedented demand for renewable energy projects, Fengate Distributed Generation Partners is a new platform focused on acquiring, developing, constructing, and operating distributed generation (DG) solar, DG solar plus battery storage, and DG battery storage projects. Target market segments include community solar; municipal, university, school district and hospital; commercial and industrial; and small utility-scale projects.

Fengate’s development partner in Fengate Distributed Generation Partners is 42 Renewables, led by Ja Kao, most recently President and CEO of Onyx Renewable Partners where she built a market-leading national DG solar platform. Ja also serves as a board member for the American Council on Renewable Energy.

“We are focused on building Fengate Distributed Generation Partners into a top-ten DG solar development company with a proven development team led by Ja,” said Greg Calhoun, Managing Director, Infrastructure Investments, Fengate. “The DG market is fragmented and growing, and we are excited to deliver on our targets.”

“We are thrilled to begin this new partnership with Fengate and look forward to creating a company that contributes meaningfully to the goal of building accessible clean energy for all stakeholders,” said Ja Kao, 42 Renewables.

Fengate is managing this partnership on behalf of its infrastructure investors, including an investment fund owned by the LiUNA Pension Fund of Central and Eastern Canada.

Related Posts

  • Jaime McKenna has been named President, Fengate Real Estate
    February 26, 2024
    Fengate announces key leadership appointments for firm’s real estate business
  • Promotions image
    February 21, 2024
    Fengate promotes within our talented team
  • Details of "Afrophilia: Beloved" by Frantz Brent-Harris
    February 16, 2024
    Three-part public art exhibition launches in downtown Toronto’s Entertainment District
  • Saco Foods
    January 22, 2024
    Fengate Private Equity and Weathervane Investments Announce Acquisition of Saco Foods