Redeux Energy Partners (Redeux), a Colorado-based utility-scale solar and energy storage development company, has hired Marathon Capital as its exclusive financial advisor to assist in the sale of ownership stakes in a portfolio of eleven projects located in seven different states.
Redeux's first portfolio brought to market consists of over 1.7 GWdc of solar capacity plus 160 MW / 640 MWh of battery energy storage (BESS) capacity in the SERC and MISO energy markets. Marathon Capital has reached out to qualified independent power producers (IPPs), strategists and financial players across clean energy markets to support the objective of closing the transactions by December this year.
Led by industry veterans with proven track records in all aspects of renewable energy development, finance and operations, Redeux's development platform is designed to annually originate and sell renewable energy projects at GW-scale into the utility-scale solar and energy storage markets, which is expected to ramp up from 20 GW this year to over 35 GW in 2028.
Since its establishment in 2020, Redeux has implemented robust and scalable processes to site and develop high-quality, utility-scale solar and BESS projects in high-value and high-demand energy markets, including SERC, MISO, WECC and ERCOT.
"We've built Redeux to consistently deliver high-quality development portfolios to market. This first process is a key milestone for the company, and we're very pleased to be represented by Marathon Capital," said Rob Masinter, CEO of Redeux Energy Partners.
As of August, Redeux owns a project pipeline totaling 3.5 GW, including standalone BESS projects in ERCOT. The company recently added several seasoned professionals to its leadership team to support its continuous growth, including professionals who previously worked in EDP Renewables North America and RES Americas.
"Redeux is delivering in line with its vision of GW-scale, high-quality clean energy project development—clearly demonstrating the capability of its people and processes," commented William Harrison, CEO of Cathexis Holdings, the company's largest shareholder.