In July 2022, New Leaf Energy was formed by ECP to acquire and spin-off Borrego Solar’s development platform, which historically focused on distributed energy projects, both solar and storage. New Leaf is an industry leader of medium-scale photovoltaic and battery projects with a pipeline of 15 GW of solar projects and 7 GW of energy storage projects.

New Leaf has sold approximately 1 GW of PV projects and 450 MWh of battery projects throughout its history. The company is actively pursuing new opportunities as they seek to accelerate the adoption of renewable energy through advancement and delivery of large commercial, community solar, and utility-scale solar and energy storage projects in the United States.