Announced
Completed
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United States
renewable energy
Renewable Energy Equipment
Acquisition
Cross Border
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Private
Private Equity
Completed
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Single Bidder
Real Estate
Synopsis
Gore Street Energy Fund, provider of opportunities to invest in a diversified portfolio of utility-scale energy storage projects, completed the acquisition of 200 MW energy storage project from Avantus, an independent developer of solar PV and energy storage projects. Financial terms were not disclosed. “Powering our future requires solutions like Big Rock 1 that are clean, low-cost, responsive and reliable any time of day or night. Now that we have the technology and economics in place to really unleash the potential of energy storage, we need to get to work deploying it in California and other places with vast amounts of existing renewable resources and help bolster grid stability for millions of people. We are proud to partner with Gore Street, a leading operator of energy storage in Europe, to make this project a reality,” Tom Buttgenbach, Avantus Founder and CEO.
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