Announced
Completed
Financials
Sources
Tags
Friendly
Cross Border
Private
bioenergy
renewable energy
Acquisition
Alternative Fuels
Completed
energy
United States
Majority
Single Bidder
Synopsis
Enbridge, a multinational pipeline company, completed the acquisition of Tri Global Energy, a renewable project developer, for $270m. "TGE will enhance Enbridge's renewable platform and accelerate our North American growth strategy. TGE's significant development pipeline, coupled with our renewable capabilities, and existing self-power opportunities, make this a truly synergistic investment that further positions us to grow organically at attractive equity returns. We're excited to be welcoming the TGE team to Enbridge, further strengthening our capabilities as we ramp up our renewable business," Al Monaco, Enbridge President and Chief Executive Officer.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.