Aggreko Energy Solutions, a utility-scale and distributed photo voltaic and storage developer, proprietor, and operator introduced that it has acquired industrial and industrial photo voltaic developer Infiniti Energy.
Infiniti Energy carries 12 MW of contracted working photo voltaic belongings and 22 MW of construction-ready initiatives, plus a further growth pipeline.
Upper Bay Infrastructure Partners, the infrastructure investor that helped Infiniti scale with an IPP platform has fully relinquished its place within the firm. CRC-IB suggested Upper Bay Infrastructure Partners on the transaction.
“Combining Aggreko’s international scale, monetary power, and business experience with Infiniti’s distributed photo voltaic growth and engineering, procurement and development capabilities uniquely positions us to ship turnkey options decarbonization of our prospects,” stated Jerry Polacek, president of Aggreko Energy.
Aggreko is a big multinational enterprise with over 6,000 workers and a fleet of over 10 GW of vitality belongings.
2023 is a banner 12 months for industrial and industrial (C&I) photo voltaic, with an put in share of 1.8 GW based on Wood Mackenzie and SEIA, 19% from 2022 and probably the most since 2017. California leads the pack, accounting for 35% of C&I deployment and doubling its common set up quantity in This autumn as initiatives race to lock in favorable internet metering charges earlier than transitioning to the brand new regime. Looking forward, C&I photo voltaic is poised for continued growth.
Popular content material
Wood Mackenzie predicts 12% common annual progress by means of 2028 as financial enhancements, company clear vitality objectives, and insurance policies similar to tax credit and state-level incentives help demand. .
This content material is protected by copyright and is probably not reused. If you need to cooperate with us and need to reuse a few of our content material, please contact: editors@pv-magazine.com.