How Forsite Renewables Scaled a Grid-Ready Solar Platform

• Market Timing & Opportunity Scale: What began as a modest support strategy quickly revealed outsized opportunity as FERC Order 845 opened expedited pathways for renewable grid integration.
• Capital Constraints: Forsite Renewables quickly found themselves with over 25,000 acres of land leased adjacent to fossil power plants for renewable projects. This rapid growth outpaced Forsite Development’s capacity to self-fund the renewable portfolio expansion.
• Talent & Execution Risk: Early-stage complexity in solar development demanded a high-caliber, scalable team and the ability to act nimbly in a competitive sector.

• Leadership & Team Building: Appointing Kevin Day as President and building a specialized team focused exclusively on renewables development was first major step. Building a team with top-industry talent around Kevin helped Forsite Renewables grow sustainably and provided the foundation for an excellent organization.
• Capital Infusion & Partnership: In 2022, Galway Sustainable Capital provided a crucial first round of development capital, allowing Forsite Renewables to scale strategically.
• Acquisition for Growth: By 2023, Galway formally acquired Forsite Renewables’ Class A shares. This allowed a pivot from a “develop and flip” model to potential ownership and operation of assets, dramatically expanding the scope of opportunity.

• A robust pipeline of projects developed across coal-transitioning communities.
• Strengthened ability to explore adjacent sectors like battery storage and data center site redevelopment.
• Positioned early in real estate around power load centers, like fossil power plants, to aide in the energy transition and demand including growing demand from AI data centers for high-power, fiber-rich land.

Forsite Renewables’ approach brings not only environmental value through emissions reduction but also socio-economic uplift in former coal-dependent communities. By maintaining close, respectful relationships with landowners and local stakeholders, the team has built long-term trust and tailored solutions that larger developers often can’t offer.

With Galway’s backing and a highly capable internal team, Forsite Renewables is uniquely positioned to stay ahead of energy transition trends, continue reshaping heavy industrial landscapes, and unlock new value in underutilized infrastructure.

“We originally built Forsite Renewables to support our Risk Transfer strategy — but the scale of opportunity quickly outpaced that early vision. Thanks to the right leadership and a highly capable team, it evolved into a platform that could stand on its own, redefining how we think about redeveloping former fossil sites.”
— Ryan, COO, Forsite Development