Who We Are
Navisun is a Hingham, Massachusetts-based solar independent power producer. The company was founded by John Malloy and Doug Johnsen in 2017 in partnership with Ares Capital Corporation. In January 2022, Navisun formally became a portfolio company of OMERS Infrastructure, a preeminent global infrastructure investor and investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021).
Navisun’s powerful team of seasoned energy experts has over 140 years of relevant industry experience across all aspects of the solar value chain including development, engineering, construction, finance, operations, and asset management. That depth of experience is a game-changer. We use it to look at every project through the lens of a long-term owner, optimizing projects’ construction, operations, performance, and ROI. The unique edge that this deep sectoral experience represents becomes even stronger when combined with Navisun’s close partnership with OMERS.
What Sets Navisun Apart
A seasoned leadership team
Navisun started with two very experienced energy veterans. Our team grew quickly with additional like-minded solar experts. Our philosophy centers on integrity and consistency in our business practices. Our goal is, to make doing business easier.
A partner-focused team
A fundamental tenet of the company is building trusted, long-term partnerships with our business partners, our customers, and our host communities. It is one of the most important and valued traits of our organization.
A commitment to stewardship
Navisun believes in constructing our projects in an environmentally-conscious way that minimizes impact to the land and watersheds. A few examples are that we implement pollinator-friendly practices where this strategy is feasible, and we believe in teaming up with farmers to create agrivoltaic projects that are a win-win for all stakeholders.
A dedication to quality
We have a different mindset. We’re in it for the long game. We understand longevity, quality, and reliability are important drivers of success. With our exceptional understanding of solar technology, design, construction and operations, we are able to turn around challenging projects, reduce costs and capture efficiencies.
Our Reputation is Invested in Every Project
What We Do
Navisun co-develops, acquires, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects throughout the United States. We target projects ranging from ~1MW to 30 MW. Whether prospective projects are located on greenfield or brownfield sites, rooftops or carports, behind the customers’ meter, sell directly to a utility, or are on public or private landfills – we have the technical expertise and the financial wherewithal to support their completion.
We work with developers, EPC firms, and our customers to complete projects quickly and efficiently – delivering execution certainty. Our ability to be creative and flexible around project and financing structures allows us to simplify transactions, reduce friction costs and maximize project benefits for our customers and partners.
As a long-term owner of projects, it is critical to Navisun’s success to have dependable partners throughout our ecosystem, including developers, EPCs, vendors, offtake customers, and the surrounding communities where our projects are located. We invest in our relationships with integrity and transparency.
We are a “hands-on” owner and rigorously manage each project, working in an interactive partnership with all project constituents. Our partners trust us and know that “we do what we say we will do”.
With the combination of our team’s extensive experience and our reliable access to flexible capital, Navisun is set to invest across the asset life cycle – from early-stage development to operating assets – with creative solutions and execution certainty.
Partner with Navisun
Dedicated to integrity and ethical business practices, Navisun is interested in creating long-term, profitable partnerships that drive value to all stakeholders.
With decades of development experience, we understand the challenges developers experience along the way. Navisun seeks co-development partners throughout the United States at any stage of the process. We provide expert development support where needed and can offer capital to fund ongoing development activities or critical milestones like interconnection payments.
For our EPC partners, we understand cash flow management is critical. Navisun can procure major equipment and provide flexible payment structures allowing for more efficient deployment of working capital over the lifecycle of the build.
Navisun is able to acquire projects at any stage, from as early as site selection through mechanical completion. We can eliminate customer origination risk, whether for community solar or other projects, by leveraging our customer acquisition expertise.
“We do what we say
we’re going to do.”
We are flexible with transaction structure, and work hard to minimize development and friction/transaction costs in order to maximize a project’s value. The Navisun team understands the entire solar value chain and are committed to closing quickly, while providing the capital and execution certainty our partners require.
Navisun’s goal is to work with our partners to close successful transactions quickly, be a great partner, do what we said we will do, and be your go-to partner for future transactions.
If you are interested in selling your project, discussing co-development opportunities, or seeking development funding, contact us to learn more.
Business and Government
Navisun has a wide range of power purchase options that can help meet your carbon reduction goals and provide long-term guaranteed savings. We can locate a solar project on site, sell power behind the meter, or participate in net metering or community solar where programs permit. The company has a broad portfolio of customers in sectors that include retail, healthcare, cities and towns, education, housing, and data storage.
Navisun provides creative solutions to utilities to meet their long-term clean energy supply needs and carbon reduction goals. We recently partnered with United Cooperative Services in Texas on a 14MW project that will benefit their customers through community solar subscriptions, and with Danville Utilities on two projects totaling 13.6 MW through long-term power purchase agreements.
With our deep expertise and experience we can provide a solar project that delivers positive economic and environmental results.
Landowners and Building Owners
Navisun works with property owners to maximize the value of their property, with an option for a long-term lease or purchase agreement. We provide long-term economic certainty and the comfort of knowing the property will be used to produce clean energy.
If you are a farmer interested in continuing to farm, then a dual use agrivoltaic project may be the perfect solution. It allows you to continue farming, while recognizing an additional revenue stream from the solar project.
Many electricity customers cannot install rooftop panels due to high upfront costs, roof incompatibility, or lack of property ownership. By subscribing to community solar projects – residential, commercial, and municipal customers can save money on their electric bills and benefit from clean, locally-sourced solar power with no upfront costs. Community solar is available to residents, including low to moderate income households, small commercial customers, and public entities such as schools, cities and towns.
Navisun is passionate about community solar and a leading player in the rapidly growing market segment. The company is currently active in Massachusetts, New York, New Jersey, Rhode Island, and Texas with plans to expand to other states.
“The next five years will see the U.S. community solar market add as much as 3.4 gigawatts. 3.4 GW will be able to power roughly 650,000 homes.”
-Solar Energy Industries Association