April 16, 2025

Great Bay Renewables (“Great Bay”) has entered into an interconnection support facility to assist SolUnesco, an experienced Virginia-based solar developer. The facility will fund Southern Company interconnection deposits for four solar development projects totaling approximately 550 MWac. SolUnesco, a leading innovator in renewable energy, has an additional two gigawatt-plus development portfolio, and is confident that the pipeline will grow to three-to-four-gigawatts by year’s end.

Frank Getman, CEO of Great Bay, commented, “Great Bay Renewables is pleased to be able to support an experienced developer like SolUnesco to help advance its development pipeline in the Southeast. Funding interconnection deposits and managing the queue process is perhaps the largest obstacle facing renewables developers today. This transaction adds Southern Company to our growing list of ISOs/RTOs like MISO and PJM where we have provided interconnection deposit financing.”

“We are grateful for Great Bay’s support,” said Francis Hodsoll, SolUnesco’s CEO. “This transaction, which we hope will be the start of a strong, long-term partnership, affords Great Bay the opportunity to appreciate SolUnesco team’s capabilities and can-do attitude, and our ability to advance the development and deployment of cutting-edge renewable energy technologies.”

About Great Bay Renewables
Great Bay Renewables, based in Portsmouth, New Hampshire, provides capital to the renewable energy sector in exchange for royalties in renewable energy generating facilities at all stages in their life cycle. To date, Great Bay has committed more than one-half billion dollars in royalty financing into the renewable energy sector and has created royalty agreements on 35 renewable energy projects totaling nearly 8.2 GW. Learn more about Great Bay at www.greatbayrenewables.com or follow us on LinkedIn.

About SolUnesco
SolUnesco has been developing clean, renewable energy projects since its founding in 2015. Headquartered in Reston, VA, the company has had significant success in Virginia, developing more than 1.3 GW of solar projects. In the last two years, SolUnesco has expanded its reach further into the southeastern United States and the Tennessee Valley Authority and Southern Company markets. SolUnesco prioritizes fostering trusted relationships with its landowners and broader communities through extensive physical on-the-ground presence. The company is dedicated to creating new revenue opportunities for rural landowners, while working with communities to ensure responsible development from early planning until projects are brought online.