Announced
Financials
Tags
Pending
Friendly
solar
Private
energy platform
battery storage
United States
Majority
Cross Border
Acquisition
Private Equity
Renewable Energy Equipment
Single Bidder
Synopsis
Partners Group, a private markets firm, agreed to acquire a stake in Dimension Renewable Energy, a community solar and battery storage platform. Financial terms were not disclosed. "Dimension represents an excellent fit for our transformational investing strategy given the scope to grow the platform into a leading independent power producer that will build, own and operate solar projects, capturing the benefits of scale in the distributed generation space. The highly fragmented nature of the community solar market in the US, as well as Partners Group's extensive experience building platform assets, allows for significant potential to add to Dimension's organic pipeline through project-level M&A," Todd Bright, Partners Group Partner, Head Private Infrastructure Americas.
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