ECP to acquire the development business of Walsin Lihwa-backed Borrego.

ECP, a private equity fund adviser, agreed to acquire the development business of Walsin Lihwa-backed Borrego, a developer of solar panel systems designed to accelerate the adoption of renewable energy. Financial terms were not disclosed. "Borrego's development business owns a best-in-class track record and project pipeline. We are thrilled to be partnering with Dan and team to help continue the company's tremendous growth and success. At ECP, we believe the opportunity set in sustainable infrastructure is expanding rapidly as the world continues to advance electrification as a means to decarbonize. We're excited to join forces with Borrego's development business to create ECP's eleventh renewable platform and fourth standalone solar platform," Andrew Gilbert, ECP Partner.