EQT to acquire Madison Energy Investments from Stonepeak Partners.

EQT, a private equity firm, agreed to acquire Madison Energy Investments, a developer, owner, and operator of distributed solar and energy storage projects, from Stonepeak Partners, a North America-focused private equity firm. Financial terms were not disclosed. "EQT Infrastructure has followed the renewable distributed generation market and MEI closely for several years given the strong thematic tailwinds supporting the sector, prior EQT experience in solar development and operation, and MEI's strong position as a leading integrated platform in the US. The renewable generation sector is an increasingly important part of the energy transition, and we are excited to partner with the MEI team as they build on their strong track record and continue to provide solar and storage energy solutions that are not only better for the environment, but also have tangible cost savings for their customers," Alex Darden, EQT Partner and Head of US Infrastructure Platform.