Greenwood Sustainable Infrastructure (GSI), a renewable energy company focused on the development, construction, and operation of distributed generation and utility-scale solar energy and battery storage projects, announced the acquisition of the 556 MWdc Homestead solar project in Alberta, Canada, from Kiwetinohk Energy, a Canada-based energy company.
The project is located in the Municipal District of Willow Creek, southeast of Claresholm in southern Alberta. Financial details of the acquisition were not disclosed by the company.
“The acquisition of the Homestead Solar Project represents a significant milestone in expanding GSI’s clean energy presence within the Canadian market,” said Mazen Turk, CEO of Greenwood Sustainable Infrastructure. “With talent and perseverance at the core, the GSI team is driving our bold growth across North America’s clean energy market.
With this acquisition, GSI has expanded its current portfolio of renewable energy pipeline to over 2.1 GWdc of solar projects, along with 340 MW of battery energy storage systems across the continent.
In August of this year, GSI closed a development credit facility with NYCEEC, amounting to $10 million, to support the development of solar projects across the Northeast and Mid-Atlantic regions of the U.S. The projects financed under this facility are located in New York, Illinois, and Pennsylvania.
Further, the company secured $24 million in construction and permanent financing facility with Live Oak Bank to fund two community solar projects totaling 10 MWac in New York last year.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
Recently, X-ELIO, a Brookfield-owned renewable energy project developer, announced the sale of the 50 MW Castelvetrano solar project, located in Sicily, to PLT Energia, a solar and wind energy company. The solar project, once operational, is expected to produce approximately 92 GWh of clean electricity annually.
