IBL Group and STOA to acquire a majority stake in Equator Energy from Maris and Nvision.

Business conglomerate IBL Group and STOA, an energy and infrastructure impact fund, agreed to acquire a majority stake in Equator Energy, a solar operator, from investment management firms Maris and Nvision. Financial terms were not disclosed. “IBL and STOA’s expertise, capabilities, and industry experience will bolster Equator Energy’s growth trajectory. With their support, we will be able to deliver even more innovative solar solutions to customers in existing and new markets. Their investment is testament to their confidence in Equator’s business model, team, customers, and markets," Sebastian Noethlichs, Equator Energy CEO and Founder.