Announced
Completed
Financials
Tags
Alternative Fuels
renewable energy
United States
Demerger
Spin Off
Completed
Cross Border
Private
Private Equity
Minority
Friendly
Single Bidder
Synopsis
Nala Renewables, an investor in solar, wind and power storage projects, completed the spin-off of Swift Current Energy, a partner-owned renewable energy company. Financial terms were not disclosed. Nala Renewables will continue to focus on investing in projects that complement its existing portfolios to create scale and a deeper country presence. By 2025, Nala Renewables’ aim is to build a global portfolio of renewable energy projects with a cumulative generative capacity of four gigawatts to be operating, in construction, or in late-stage development. The company already owns and is developing assets in Belgium, Chile, France, the Netherlands, Poland and the US.
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