Announced
Financials
Sources
Tags
Acquisition
Puerto Rico
Pending
Private
solar power
Majority
Single Bidder
Alternative Electricity
Cross Border
Friendly
Private Equity
Synopsis
ArcLight, an energy infrastructure firm, agreed to acquire Puerto Rico Operation of Sonnedix, a solar independent power producer. Financial terms are not disclosed. “This transaction represents the first acquisition by our Infinigen platform – an attractive opportunity to back the premier renewable asset owner, operator and developer in Puerto Rico. ArcLight looks forward to supporting Infinigen’s mission to provide low-cost, renewable electricity to North American communities. Over its 20-year history, ArcLight has invested over $4bn in 5 GW of renewable assets, and this transaction is testament to our continued commitment to enabling decarbonization and sustainability,” Dan Revers, ArcLight Managing Partner and Founder.
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