Announced
Financials
Sources
Tags
Acquisition
Friendly
Private
Minority
energy storage
Private Equity
renewable energy
Single Bidder
Cross Border
United States
Renewable Energy Equipment
Pending
Synopsis
Apollo, a high-growth, global alternative asset manager, and Migdal Insurance, an Israeli insurance and pension company, agreed to invest $600m in Doral Renewables, a renewable energy and storage developer. "We’re pleased to support Doral’s growth as the company continues to execute on its robust project pipeline. By continuing to scale and bring additional renewable energy facilities online, Doral will enhance grid stability in markets across the country while creating jobs in local communities and promoting a cleaner planet," Dylan Foo, Apollo Head of Infrastructure.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.