New Energy Equity

New Energy Equity is a full-service solar development, financing, and management company founded in 2013 and headquartered in Annapolis, Maryland. The company delivers end-to-end solar solutions across the United States, covering development, construction, financing, and operations. Its work spans solar energy development, project financing, asset management, construction, operations and maintenance, and solar land leasing.

The firm reports more than 649 megawatts of solar generation assets developed and over 750 completed solar projects, with a development pipeline exceeding 2 GW. Its assets generate some 779 million kWh of electricity annually. New Energy Equity operates from four offices and maintains a presence in 16 states.

Service lines include Solar Land Leases for landowners, Acquisitions and Co-Development partnerships, Commercial Solar Solutions for commercial and industrial clients, and Energy Support Services, the subsidiary responsible for operations and maintenance. The company serves commercial and industrial customers, municipalities, community solar stakeholders and landowners.

New Energy Equity is a wholly-owned subsidiary of ALLETE, an energy company established in 1906, which provides financial stability and institutional support while the company maintains an entrepreneurial approach to renewable energy development. The firm was co-founded by Matt Hankey and Ian Palmer with partners Dan Throop and Don Baker.