Excelsior Energy Capital Completes Sale of Faraday and Skyhawk Solar Plants to Enel
Firm fully exits two solar investments in largest sale to date
Excelsior Energy Capital ("Excelsior"), a leading independent North American clean energy investor, today announced it has completed the sale of the firm’s Faraday and Skyhawk solar plants to subsidiaries of Enel S.p.A., a multinational power company and a leading integrated player in the global power and renewables markets, present in 27 countries worldwide. The total consideration is approximately $760 million1. The sale follows the signing of a purchase and sale agreement in February 2026, with the proposed transaction subsequently clearing required regulatory reviews.
Through this transaction, Excelsior Renewable Energy Intermediate Fund I LP, the firm's $504 million inaugural fund, which closed in 2020, is selling its full interest in both plants. Excelsior Renewable Energy Investment Fund II LP, a $1 billion fund that closed in April 2025 that co-invested in Faraday, is selling its full interest in that project.
"The sale of Faraday and Skyhawk marks an important milestone for Excelsior," said Alex Ellis, Co-Founder and Partner, Excelsior Energy Capital. "This transaction reflects our continued progress in realizing value and returning capital to our investors and it underscores the strength of the contracted renewable infrastructure we build, with a focus on assets backed by strong counterparties and long-term power purchase agreements. This is our largest exit to date, and it positions us well as we continue to grow the Excelsior Energy Capital portfolio."
