Forest Road Renewables, a climate-focused infrastructure platform within The Forest Road Co., has made a $36 million strategic investment in Pathway Power LLC, a renewable energy and battery storage developer. The funding enables Pathway Power to continue scaling its portfolio of clean energy projects built to deliver over 2 GW across North America.
Pathway Power will target a balance of solar and storage opportunities across various markets. Pathway Power’s founding management team are pioneers in renewables development having previously led BayWa r.e., where they amassed a pipeline of over 6 GW of utility scale solar and storage assets throughout North America and delivered over 1 GW to the market.
“With solar energy capacity poised to quadruple by the end of the decade, Pathway Power will build on this momentum to…