Acquisitions

Mercom reports that equity financing and M&A transactions were both up more than 55% in 2022, as the energy transition draws new levels of investment.

Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.

Mercom reports that it was the second highest year for solar mergers and acquisitions, with an estimated 66 GW of solar projects sold to new buyers in 2022.

The transaction represents the largest pre-operational portfolio Nautilus has made to date.

Also on the rise: DOE announces $750 million in funding to advance clean hydrogen technologies. Tigo Energy acquires predictive data analytics company FSIGHT. And more.

FSIGHT brings AI-driven analytics and prediction capabilities to Tigo, helping the company monetize smart meter data.

The three projects are expected to generate 27,600 MWh of low-carbon energy annually, enough to power 8,400 homes in Maine.

The retail energy provider recently acquired rights to develop seven community solar projects with 34 MW of total capacity in New York and 30 MW of total capacity in Pennsylvania, which it is advancing through permitting.

This latest acquisition from NextGrid brings Renewable Properties’ Maine portfolio to over 42 MW now in various stages of operation, construction, and development.

With the acquisition of the Titan Solar Project, Longroad enters the CAISO market and expands its California holdings to 340 MW.