Heelstone was founded in 2012 and since that time it has experienced steady growth and solidified itself as a leader in the industry. Its founders leveraged their extensive structured finance expertise to acquire mid and late-stage development projects in solar markets across the country.
As Heelstone continued to grow and evolve, it was able to organically develop an expertise spanning all components of the downstream solar value chain; that is, greenfield development, mid-stage development, finance, construction, and operation. In 2024, Heelstone was acquired by Qualitas Energy, a leading global fund manager specializing in renewable energy, energy transition, and sustainable infrastructure, from funds managed by Ares Management Corporation’s Infrastructure and Power Group (AIPG). This new partnership between Qualitas and Heelstone will propel the company’s growth trajectory, evolving it from a state-of-the-art developer into a comprehensive IPP Platform.