Redball Solar Investors Back Mid-Atlantic Expansion
The investment amount was not disclosed, and Redball's systems serve homes and businesses across the Mid-Atlantic and New England.
Updated on Nov. 13, 2026 in Corporate Finance
Distributed solar installer Redball Energy, based in Washington, DC, has a majority stake acquired by Rest and Wollemi Capital. The investment amount was not disclosed.
Why it matters
For Mid-Atlantic and New England households and businesses with rooftop panels from Redball, the change is ownership, not service, as the company is backed by new investors. The deal also signals that Redball plans to grow across the Mid-Atlantic and Northeast and add battery storage.
Redball operates around 4,500 rooftop solar systems across the Mid-Atlantic and New England, and the company was founded in 2021. The purchase price was not disclosed, and the timeline for its planned Northeast expansion has not been given.
The players
Redball Energy
A Washington, DC-based distributed solar firm that owns and operates around 4,500 rooftop systems and is the company whose majority stake was acquired.
Rest
An Australian investor that is investing in Redball through a Wollemi-managed co-investment fund.
Wollemi Capital
The investment firm that acquired the majority stake in Redball and manages the co-investment fund used for the deal.
MPower
An Australian distributed solar and storage platform in which Rest and Wollemi recently expanded their A$350m investment.
The details
Rest and Wollemi Capital acquired a majority stake in Redball Energy, a distributed solar firm based in Washington, DC. Rest is making the investment through a Wollemi-managed co-investment fund. Redball works closely with a select group of trusted local installers, and the new capital supports its plans to expand across the Mid-Atlantic and Northeast and add battery storage.
Timeline
Redball Energy was founded in 2021.
Rest made its A$230m cornerstone commitment to Wollemi's inaugural managed vehicle in July 2025.
The majority stake acquisition in Redball was announced on November 13, 2026.
The District View
The deal follows the same investors' A$350m expansion of MPower, an Australian distributed solar and storage platform. It extends that strategy into rooftop solar in the Mid-Atlantic and New England, with a District-headquartered company as the vehicle.
If you have rooftop panels from Redball, your service and contract stay with the same company, now under new ownership. Ask your installer whether any changes to billing or service terms come with the new owners as the expansion takes shape.
The takeaway
Redball's deal is a sign that distributed solar is drawing larger investors into the Mid-Atlantic market. Watch for announcements on battery storage and new Northeast service areas if you live in the region.
Further reading
For more on how deals like this are structured, browse our Corporate Finance coverage.
Source note: This article includes information reported by Real Assets.
