Announced
Completed
Financials
Tags
Renewable Energy Equipment
Completed
Minority
Private
Private Equity
Single Bidder
United States
Solar energy company
Friendly
Domestic
Acquisition
Synopsis
EIG, an institutional investor in the global energy and infrastructure sectors, and Modern Energy, a diversified clean energy company, completed the $90m investment in Industrial Sun, an energy company and developer of large-scale solar projects for power sale to industrial clients. "We are excited to partner with Industrial Sun and join forces with their talented team. We have been impressed by their strong track record, innovative business model, and the opportunity they have created to generate significant value for their customers. This investment allows us to deepen our relationship with Modern Energy and participate in the scaling of a promising clean energy platform," Andrew Ellenbogen, EIG Managing Director.
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