Energy Storage News•about 1 month ago
ROUNDUP: IPPs BrightNight, Lydian acquire US portfolios, ILOS Projects upsizes European credit facility
Key Takeaway
The energy market is seeing significant M&A and financing activity from major IPPs in both the US and Europe, signaling continued expansion and capital availability for renewable energy and storage projects.
AI Summary
- •Goldman Sachs-backed BrightNight and Excelsior Capital-backed Lydian are actively acquiring US energy portfolios, indicating consolidation and growth in the IPP sector.
- •AXA-backed ILOS Projects has secured an upsized European credit facility, signaling robust financial backing for renewable energy and storage development in Europe.
- •These activities suggest a dynamic market for project development and potential future PPA opportunities for large power consumers as acquired assets are built out.
Topics
financingm&asolarstoragewind