NativeEnergy Announces Acquisition of Assets of SunOne Solutions
Expands capacity with sequestration projects for both voluntary and California cap-and-trade carbon markets
January 21, 2014 – Burlington, VT – NativeEnergy, Inc., a preeminent developer and retailer of carbon offset projects, announced today that it has completed the acquisition of substantially all of the business and assets of SunOne Solutions, known for its reputation as a leading developer of land-based carbon offset projects. Building on NativeEnergy’s history of developing renewable energy, farm-based, and clean water projects for corporate clients, the acquisition will significantly expand the company’s portfolio and pipeline for the voluntary and California compliance markets.
SunOne Solutions, previously named the top carbon aggregator by Point Carbon, developed an attractive portfolio of forestry and rangeland projects across the US, generating over 3 million carbon offsets from projects on 2.2 million acres. SunOne’s portfolio both sequesters carbon dioxide and provides other essential ecosystem services, like mitigating droughts and floods, preserving soils and grasslands, and protecting biodiversity.
Jeff Bernicke, President of NativeEnergy, said the acquisition was a key part of the company’s expansion plans to meet growing demand for projects serving the California compliance market and the voluntary impact investment market. Speaking about the acquisition, Bernicke said, “It is essential that any acquisition enhance NativeEnergy’s reputation for delivering high quality, charismatic carbon projects. We are focused on projects that deliver added value.
“SunOne is one of the strongest brands in land-use carbon sequestration, and we are excited to develop these projects with landowners across America,” Bernicke added. “These projects allow us to diversify our client offerings, while maintaining our focus on distributed, community-based projects that deliver value to our clients and benefits to communities and the environment.”
NativeEnergy is an expert provider of carbon offsets and impact investments for businesses. With NativeEnergy’s Help Build™ projects, businesses can help finance the construction of wind, clean water, biogas, and other carbon reduction projects with strong social and environmental benefits. Since 2001, NativeEnergy’s customers have helped build more than 50 projects that are now keeping millions of tons of greenhouse gases out of the air. All NativeEnergy carbon offsets are third-party verified and validated. Learn more at www.nativeenergy.com.
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