Onward Energy has purchased a 1,171 MW operating solar portfolio from Global Atlantic Financial Group.

The portfolio includes 11 projects in 8 states and will be the largest renewable investment in Onward Energy’s history.

Steve Doyon, Onward Energy’s CEO, said, “We believe that this acquisition of solar assets is a strong fit with our existing portfolio, consistent with our view of the energy transition and complementary to our growth strategy. Working with Global Atlantic and their team, we were able to sign the agreement quickly and seamlessly.”

Onpeak Capital LLC served as financial advisor, and Mayer Brown LLP served as legal advisor to Global Atlantic. Milbank LLP served as legal adviser to Onward.