ADAPTURE RENEWABLES Adapture Renewables and REC Power announce completion of transaction for 68 MW operating DG solar portfolio. August 5, 2026 Adapture Renewables, Inc. ("Adapture"), a utility-scale solar and energy storage developer, owner and operator, and REC Power, a nationwide independent power producer, today (July 28) announced the completion of a transaction involving a nationwide portfolio of fifteen operating distributed generation solar photovoltaic (PV) projects totaling 68 MW (DC). The transaction is a 100% sale of Adapture's ownership interests in the projects, which REC Power will own and operate going forward. The portfolio comprises operating assets across seven states Montana, Tennessee, Minnesota, North Carolina, Nebraska, Utah, and California. The sale allows Adapture to concentrate its capital and in-house development, EPC management, legal, and project finance capabilities on the larger utility-scale solar and storage projects at the center of its growth strategy. For REC Power, the acquisition adds 68 MW of operating solar capacity and a geographically diverse set of established assets to its existing operating base spanning multiple distributed power technologies. "This transaction reflects the disciplined way we manage our portfolio. These are well-established performing assets, and REC Power is a strong long-term owner and operator for them. The sale allows us to focus our resources on the larger utility-scale projects that define our pipeline and where we can deliver the greatest impact," said Christina Conrad, Vice President of M&A, Adapture Renewables. The acquisition materially expands REC Power's national operating portfolio beyond 410 MW across 25 states with highly rated PPA counterparties. With nearly 30 years of experience building, financing, owning, and operating distributed power assets, REC Power continues to pursue strategic front-of-the-meter acquisitions that complement its nationwide operating fleet of solar, battery storage, fuel cell and genset resources. "Adapture has built a portfolio of high-quality operating projects, and these assets complement our existing fleet well in terms of geography, counterparties and long-term value," said Matt Miller, Chief Investment Officer of REC Power. "This transaction demonstrates our ability to be a trusted partner to asset owners looking to divest high-quality assets as their business strategies evolve. We look forward to building on the operational foundation already in place and continuing to operate these projects reliably for the customers they serve." REC Power is owned by ArcLight Capital Partners, a leading infrastructure investor. Accredant Capital served as exclusive sell-side advisor to Adapture Renewables on the transaction, with Foley & Lardner LLP serving as outside legal counsel. Orrick, Herrington & Sutcliffe LLP served as legal counsel to REC Power in connection with the transaction. About Adapture Renewables, Inc. Adapture Renewables, Inc. is a utility-scale solar and energy storage project developer, owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive projects from origination to long-term operation. Owned by KIRKBI Climate - a private investment firm established by the Kirk Kristiansen family, owners of the LEGO Group and other holdings, to build high-impact businesses that accelerate the energy transition - Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to project development and is invested in its projects' long-term success. About REC Power REC Power is an independent power producer that finances, owns and operates distributed power assets across the United States. The company delivers distributed power solutions spanning solar, battery storage, fuel cells and gensets, helping customers achieve reliable, resilient energy and greater control. With nearly 30 years of experience and hundreds of assets under ownership nationwide, REC Power brings deep expertise in combining intermittent and dispatchable resources to support the next phase of the power transition. For REC Power Ashley Ford Senior Communications Manager [email protected] Adapture Renewables

Adapture Renewables expands into southeast Colorado with renewable energy projects in Kiowa and Cheyenne counties. By betsy barnett. June 30, 2026 The next chapter in southeastern Colorado's rapidly evolving renewable energy landscape is beginning to take shape as Adapture Renewables has filed Section 1041 permit applications for two major projects - one in Kiowa County and another in Cheyenne County - marking another significant step in the region's emergence as one of Colorado's premier renewable energy corridors. The California-based renewable energy developer has proposed the Golden Plains Energy Center, a utility-scale solar energy and battery storage project approximately 12 miles southwest of Eads in Kiowa County, while simultaneously advancing plans for the Smokey Hills solar energy and battery storage project in neighboring Cheyenne County. Information regarding the projects and upcoming community meetings was released by the company and shared with local newspapers. As part of the public review process, Adapture Renewables will host two open house meetings designed to introduce residents to the proposed developments. The first meeting will be held Tuesday, July 14, from 4:00 PM until 7:00 PM at the Eads Senior Citizens Center, where company representatives and consultants will discuss the Golden Plains Energy Center. A second open house is planned for Wednesday, July 15 from 4:00 PM to 7:00 PM at the Cheyenne Wells City Hall (151 South 1st West, Cheyenne Wells, CO 80810) for residents interested in learning more about the Smokey Hills project. According to Adapture, the meetings will feature informational displays and provide opportunities for area residents to ask questions directly of project representatives. Adapture Renewables, headquartered in Oakland, California, develops, finances, constructs, owns and operates utility-scale renewable energy facilities throughout the United States. The company specializes in large-scale solar generation and battery energy storage systems and has developed projects in more than a dozen states totaling over 800 megawatts of generating capacity. The company markets itself as a long-term owner and operator of renewable energy facilities while working directly with agricultural landowners and rural communities. Although Adapture has historically focused on solar generation, its arrival in southeastern Colorado reflects the growing trend of renewable developers pursuing multiple technologies - including solar and battery storage - to capitalize on the region's exceptional natural resource of sun and expanding transmission infrastructure. The proposed projects represent another milestone in a transformation that began several years ago when Xcel Energy launched its multi-billion-dollar Pathways transmission expansion across eastern Colorado. The construction of new high-voltage transmission lines and major substations - including the May Valley Substation in Kiowa County - created the electrical infrastructure necessary for large-scale renewable generation to connect to Colorado's electrical grid. Before those transmission investments, much of southeastern Colorado possessed abundant wind and solar resources but lacked the ability to deliver significant amounts of electricity to Front Range population centers. Since those transmission improvements were announced, both Kiowa and Cheyenne counties have experienced growing interest from renewable energy developers seeking suitable locations for utility-scale projects. Kiowa County has seen proposals ranging from large wind developments to solar and battery storage facilities, while Cheyenne County has likewise attracted multiple renewable energy companies exploring both wind and solar opportunities. Perhaps the most visible projects have been the Towner East and Towner West wind developments in Kiowa County, which underwent an extensive Section 1041 review process and generated significant public discussion regarding economic development, property tax revenues, landowner lease payments, county impact fees, cultural resource protection, and the visual impacts of large wind farms near the Sand Creek Massacre National Historic Site. Those discussions also prompted Kiowa County to adopt and refine its Section 1041 regulations governing major energy developments, placing local control at the center of project approval while establishing standards intended to balance economic opportunity with protection of county resources. Solar comes to Kiowa County. Unlike the wind projects that have dominated much of the public conversation in recent years, Adapture's Golden Plains Energy Center would focus primarily on solar energy generation paired with battery storage technology. Another solar company, Juwi Inc., has also filed a 1041 application with Kiowa County for a solar farm proposed to be built in the Arlington area. That 1041 Public Hearing is scheduled at the Kiowa County Courthouse on Tuesday, June 21 at 10:00 am. Juwi is a global leader in renewable energy, specializing in the development, construction, and operation of solar, wind, and hybrid energy projects worldwide. Battery storage has become an increasingly common component of modern renewable energy development because it allows electricity generated during daylight hours to be stored and delivered later during periods of higher electrical demand. The combination of solar generation and battery storage has become attractive to electric utilities seeking reliable renewable power that can continue supplying electricity after sunset. As with any major industrial development, numerous questions remain to be addressed during the Section 1041 permitting process. Residents are expected to seek additional information regarding project size, generating capacity, transmission interconnections, construction timelines, anticipated employment, long-term operations, tax revenues, road maintenance, emergency services, agricultural compatibility, wildlife impacts, decommissioning requirements, and visual effects on the surrounding landscape. Those issues have become familiar topics throughout southeastern Colorado as renewable energy projects have steadily expanded across the High Plains. For many landowners, renewable energy leases represent an opportunity to diversify farm and ranch income while maintaining agricultural operations. Others continue to express concerns regarding land use, scenic impacts, environmental considerations, and the long-term effects of industrial-scale energy development in rural communities. County officials will ultimately consider Adapture's Section 1041 applications through the public hearing process before making decisions on the proposed developments. The upcoming community meetings offer residents one of their first opportunities to learn about the projects directly from company representatives before the formal permitting hearings begin. As renewable energy continues reshaping southeastern Colorado's economy and landscape, the decisions made in Kiowa and Cheyenne counties will likely become part of the broader conversation surrounding the future of energy production across Colorado's eastern plains. Advertisements