Announced
Financials
Sources
Tags
Private
Cross Border
Single Bidder
Private Equity
Majority
United States
solar platform
Renewable Energy Equipment
Acquisition
Friendly
Pending
Synopsis
EDP Renewables North America, a renewable energy company, agreed to acquire an 85% stake in C2 Omega, a distributed solar platform, from C2 Energy Capital, an investor & long-term owner of renewable energy & storage assets. Richard Dovere and Candice Michalowicz, shareholders of the C2 Omega, agreed to divest their stake as part of the deal. Financial terms were not disclosed. “We went through an exhaustive research and vetting process before deciding to acquire C2 based on its impressive track record, strong management team, and quality of existing assets. This investment will enable us to serve a rapidly growing market and to offer our customers a range of new services and solutions to meet their renewable energy needs," Miguel Angel Prado, EDP Renewables North America CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.