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BlueWave Gets $100M From Morgan Stanley for Community Solar

Monday, Dec 21 2015

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Solar in the News

Morgan Stanley subsidiary MS Solar Solutions committed $100 million to solar developer BlueWave Capital to build more than 25 megawatts of community solar in Massachusetts by the end of 2016. The backing from Morgan Stanley is the first major financing for BlueWave’s community solar projects in Massachusetts. If successful, the mission-driven solar developer expects to expand the portfolio to other states next year. BlueWave says it has more than 500 megawatts of solar projects in development, about one-tenth of which are in Massachusetts. The company is headquartered in Boston, but also has offices in South Carolina, North Carolina, South Africa and the Bahamas.