EEW to go public via a SPAC merger with Compass Digital Acquisition in a $386m deal.

EEW, a developer of utility scale solar PV projects, agreed to go public via a SPAC merger with Compass Digital Acquisition, a special purpose acquisition company, in a $386m deal. “Today’s business combination represents a significant milestone for EEW and enables us to continue to grow the business and capitalize on our significant existing project pipeline. Our team has demonstrated a strong track record of originating and developing utility-scale renewable energy projects globally and is committed to generating clean and renewable energy. This combination with CDAQ provides us with a partner that shares our vision for the future and secures our ability to continue executing our business plan. We are excited to collaborate with the CDAQ team and believe we are well-positioned to unlock new opportunities and significant value for our shareholders,” Svante Kumlin, EEW CEO.