Announced
Financials
Tags
Renewable Energy Equipment
Pending
solar power plants
United Kingdom
Majority
Reverse Takeover
Domestic
Merger
Friendly
Private
De-SPAC
Acquisition
Single Bidder
Synopsis
Eco Energy World, a developer of utility scale solar PV projects, agreed to go public via a SPAC merger with ClimateRoc in a $650m deal. “Today’s announcement is truly an incredible milestone for EEW and I could not be more pleased with the business combination. We are looking forward to our partnership with ClimateRock and we are proud of our EEW colleagues. We have been aggressively implementing our growth strategy, and through this business combination we believe we will be well positioned to continue executing our business plan. Together EEW and members of the ClimateRock management team have a solid track record of creating value and driving growth in the renewable energy sector,” Svante Kumlin, EEW Founder and CEO.
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