Perch Energy has acquired Mitsui-owned Solstice, adding 500 MW of contracted community solar capacity and expanding its managed portfolio to over 3 GW across 1,000+ projects in 16 states.

The core shift is simple: community solar is consolidating around scaled customer acquisition and management platforms, not just project ownership.

This is Perch’s second major transaction in 12 months, following its 2025 combination with Arcadia’s community solar business. With 430,000+ residential customer equivalents and relationships spanning 86 solar project owners, Perch is positioning itself as the operating layer between developers, subscribers, and utilities.

For developers, this matters. Customer acquisition, billing, LMI compliance, and subscriber turnover are execution risks that directly impact cash flow and tax equity timelines. By absorbing Solstice’s technology, sales engine, and management contracts, Perch is increasing control over the most operationally sensitive part of the value chain.

In a market where retail electricity prices are rising and interconnection timelines remain tight, asset owners want fewer counterparties and stronger balance sheets. Scale lowers customer acquisition costs, improves reporting, and stabilizes revenue realization.

This deal signals that community solar is no longer fragmented. The advantage is shifting to platforms that can manage gigawatts, automate subscriber lifecycle risk, and provide certainty to capital providers.

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