Renewable Properties

About Renewable Properties

Renewable Properties, founded in March 2017 by Aaron Halimi, operates as a developer, owner, and operator of small-scale utility and community solar projects across the United States. Halimi, the company's President, leveraged his extensive background in institutional real estate investment and solar development at firms like Borrego Solar Systems and Gardner Capital to launch the San Francisco-based company. His journey began with entrepreneurial efforts in utility-scale solar, rooted in a deep understanding of real estate, which he identified as the critical first step in project development.

The firm focuses on the entire project lifecycle, from site acquisition and permitting to financing and long-term operational asset management. Renewable Properties specializes in projects ranging from 1 to 20 megawatts, which corresponds to land usage of approximately 5 to 100 acres. Its business model involves developing projects and then retaining ownership, functioning as an independent power producer (IPP). Revenue is primarily generated through wholesale Power Purchase Agreements (PPAs) with utility companies. A significant and growing segment of the business is community solar, which allows local residents and businesses who cannot install their own panels to subscribe to the benefits of a local solar project, sometimes receiving discounts on their electricity bills.

Since its inception, the company has seen substantial growth, raising over $180 million in corporate capital and completing over 53 projects. The company has expanded its scope beyond solar to include energy storage and electric vehicle (EV) charging infrastructure, positioning itself as a developer of distributed energy resources (DERs). This evolution includes developing EV charging depots that offer charging-as-a-service to commercial fleets, complete with dedicated parking and reserved electrical capacity. As of early 2025, Renewable Properties has a development pipeline exceeding 1.2 gigawatts, encompassing solar, storage, and EV projects across more than 16 states.