ROTH Capital Partners acts as Advisor
to OnForce Solar, Inc. in its acquisition
by 174 Power Global


For more information please contact:
Investment Banking

Brian Kremer
Managing Director
(949) 720-5726
Jesse Pichel
Managing Director
(646) 358-1919
Robert Stephenson
Managing Director
(949) 720-5750

Transaction Information
174 Power Global, a U.S.-based solar project development arm of the Hanwha Group, has acquired OnForce Solar, a leading New York commercial solar development firm and community solar business, further advancing the Companyís presence in the retail energy and commercial and industrial (C&I) project development markets. OnForce Solar will become part of newly formed entity, 174 Power Global Northeast.

ROTH Capital Partners acted as financial advisor to OnForce Solar in this transaction.

About 174 Power Global
Irvine, California-headquartered 174 Power Global is a leading solar energy company that is wholly owned by the Hanwha Group. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with landowners, local communities, financial investors and other partners to build highly productive, utility scale solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed nearly 2 gigawatts (GW) of power purchase agreements and has more than 6 GW of additional projects in the development pipeline. The Company was ranked as the 2018 number #1 solar project development company in the United States by Wood Mackenzie. 174 Power Globalís name was inspired by the 174 petawatts (PW) of power the earth receives from the sun at any moment. For more information, please visit (Source: Company Press Release | 9/23/19)

About OnForce Solar
OnForce Solar is a vertically integrated New York City based solar energy company that develops, designs, engineers, finances, installs and maintains solar energy systems for commercial, municipal and utility-scale customers. OnForce Solar also provides discounted electricity rates through its community solar subscription business. Founded in 2008, OnForce Solar has grown into one of the largest developers of solar energy in New York State. OnForce Solar is headquartered in the Manhattan, NY, with regional offices in The Bronx. For more information, please visit
(Source: Company Press Release | 9/23/19)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit

Date of Announcement: 9/24/19

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2019.