Company History
Forsite Development was founded with a focus on finding value in overlooked opportunities by acquiring and redeveloping industrial facilities
Forsite Development was founded with a focus on finding value in overlooked opportunities by acquiring and redeveloping industrial facilities
Forsite Development Founded - 2004
Forsite executed the successful risk transfer of the Elizabethtown Power Plant, marking Forsite’s first risk transfer of a coal plant
Forsite executed the successful risk transfer of the Elizabethtown Power Plant, marking Forsite’s first risk transfer of a coal plant
Coal Plant Transfer Program Launched - 2014
Forsite pivoted to focus on chemical and industrial plants that offered significant land for solar development at below market rate prices
Forsite pivoted to focus on chemical and industrial plants that offered significant land for solar development at below market rate prices
Risk Transfer 2.0 Launched - 2019
The team formed Forsite Renewables to help shape the future strategy of the company around a differentiated approach to solar development
The team formed Forsite Renewables to help shape the future strategy of the company around a differentiated approach to solar development
Forsite Renewables Division Founded - 2019
Forsite acquires the CP Crane Plant marking their first risk transfer deal that will be redeveloped into a solar and BESS plant
Forsite acquires the CP Crane Plant marking their first risk transfer deal that will be redeveloped into a solar and BESS plant
CP Crane - 2021
Two years after forming Forsite Renewables, the team successfully sold their first project
Two years after forming Forsite Renewables, the team successfully sold their first project
Sullivan Project Sale - 2021
Forsite completes the remediation and redevelopment of both Consumers Whiting and Consumers BC Cobb
Forsite completes the remediation and redevelopment of both Consumers Whiting and Consumers BC Cobb
Completion of Consumers Plant - 2022
Forsite’s development pipeline surpasses 5 GW of solar and BESS assets across 8 states
Forsite’s development pipeline surpasses 5 GW of solar and BESS assets across 8 states
Renewables Development Pipeline Surpasses 5GW of Solar - 2022
Risk Transfer 3.0 seeks to partner with a well-capitalized firm to purchase coal plants to accelerate and increase the profitability of their solar developments
Risk Transfer 3.0 seeks to partner with a well-capitalized firm to purchase coal plants to accelerate and increase the profitability of their solar developments
Risk Transfer 3.0 Launches - 2023
Alamosa sale, Pulaski MIPSA, and Carroll Island term sheet provide further validation of the Company’s business model
Alamosa sale, Pulaski MIPSA, and Carroll Island term sheet provide further validation of the Company’s business model