EQT to acquire a 82.1% stake in Tion Renewables from Pelion Green Future for $133m.

EQT, an investment organization, agreed to acquire a 82.1% stake in Tion Renewables, a renewable energy producer, from Pelion Green Future, a clean energy company, for $133m. “Tion Renewables plays an important role in Europe’s energy market by producing over 300 GWh of green electricity every year. This acquisition, which is EQT Active Infrastructure’s second investment, is a prime example of the Fund’s purpose-driven and active investment strategy directly contributing to the energy transition and decarbonization targets. We believe it offers a distinct risk-return proposition with strong downside protection, stable cash yield generation and low volatility. We are convinced that Tion Renewables is on track to becoming a key contributor to the energy transition and look forward to supporting the Company on its next phase of growth," Fabian Gröne, EQT Partner.