OX2 to acquire ESCO Pacific for $84m.

OX2, a company that develops, constructs, and sells renewable energy solutions at scale, agreed to acquire ESCO Pacific, a renewable developer, for $84m. “I am very happy to announce our entry into the Australian market and to welcome an experienced local team to OX2. Through this transaction, we get an attractive development portfolio in a growing renewables market, while also significantly strengthening our capabilities within solar and energy storage. This gives us a solid foundation for profitable expansion in Australia," Paul Stormoen, OX2 CEO.