Announced
Completed
Financials
Sources
Tags
United States
Renewable Energy Equipment
solar energy equipments
Acquisition
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Domestic
Synopsis
Energy Capital Partners, a private equity and credit investor focused on existing and new-build energy infrastructure projects, completed the acquisition of Anza, a technology-enabled procurement marketplace that connects solar and energy storage equipment suppliers with buyers to simplify, accelerate, and optimize the renewable development procurement process, from Borrego, an O&M provider. Financial terms were not disclosed. "Anza offers buyers a new way, a better way, to procure equipment. The status quo of solar and storage procurement is incredibly inefficient. Buyers and sellers waste tremendous time finding the right match and chasing down unstructured data. Buyers are forced to largely shop based on price, as they don’t have the tools to assess total value and risk easily. We believe Anza can increase the financial return and reduce the lead time for any solar or storage project by revolutionizing the major material procurement process – helping to accelerate the adoption of renewable energy,” Mike Hall, Anza CEO.
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