Heelstone Renewable Energy, a U.S.-based clean energy company owned by Qualitas Energy, has acquired the development portfolio of Valor Infrastructure Partners (VIP), adding a mix of solar and onshore wind projects across the southwest and western United States.
The acquisition marks Heelstone’s first major transaction since being acquired by Qualitas Energy in May 2024. As part of the deal, 11 professionals from Florida-based VIP will join Heelstone, including former VIP Chief Executive Mike Weich, who has been appointed CEO of Heelstone.
“I’m honored to lead Heelstone at such an exciting time for the company,” said Weich. “With the support of Qualitas Energy and the addition of the VIP team, we’re well-equipped to expand our footprint and accelerate the delivery of high-quality renewable energy projects.”
The portfolio includes a range of early-stage onshore wind developments in the western U.S. and an advanced-stage solar photovoltaic project in Texas with a planned capacity of 190 megawatts peak (MWp). The Texas project is targeting a commercial operation date between 2027 and 2028, subject to development milestones.
The deal also brings former VIP Chief Development Officer Daryl Hart to Heelstone in the same role, enhancing the company’s capabilities in wind, solar, and battery storage.
Alejandro Ciruelos, partner and country head USA at Qualitas Energy, said the acquisition strengthens Heelstone’s platform during a critical period for the renewable sector. “The integration of VIP’s team and select assets enhances our platform, combining best-in-class capabilities with a maturing project pipeline,” Ciruelos said. “Heelstone is ready to capitalise on strategic opportunities – both organically and through acquisitions – at a pivotal moment for the renewable energy industry.”
Heelstone, headquartered in North Carolina, focuses on the development and operation of utility-scale renewable energy projects across the U.S.
