Nature Infrastructure, Davidson Kempner aquire PV, storage platform from Greencells
Funding companies Davidson Kempner and Nature Infrastructure Capital bear jointly received a renewables mission pattern platform from Germany’s Greencells Team of workers. They are going to flee the platform as a standalone endeavor and belief to form bigger its nearly 4 GW portfolio of utility-scale solar and battery projects.
Patrick Jowett
image: Benjamin Jopen, Unsplash
World investment management company Davidson Kempner Capital Management LP and personal equity company Nature Infrastructure Capital (NIC) bear jointly received a Netherlands-primarily primarily based completely solar and storage mission pattern platform from Greencells Team of workers.
The improvement platform specializes in the acquisition, pattern, financing and operation of renewable energy projects. It for the time being boasts a mission portfolio of nearly 4 GW of utility-scale solar and battery projects in Europe and Canada, with a extra 800 MW of projects at the ready-to-to find stage.
The transaction, which used to be made for an undisclosed sum, will result in the platform working as a standalone endeavor. This will be led by fresh Greencells CEO Andreas Hoffman, below the joint possession of Davidson Kempner and NIC.
Constant with a disclose from the companies, the platform plans to continue growth in key lively markets as smartly as into decide out unique markets.
Hoffman said the sale marks a predominant milestone in Greencells’ enhance streak.
“After several years of growing our pattern platform below the management of the Zahid Team of workers, we’re proud to hunt for the scale and quality of the portfolio created by our groups grow all the intention in which thru Europe,” he added.
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