Madison Energy Infrastructure, a renewable power developer, accomplished the acquisition of NextEra Energy Resources‘ distributed technology improvement platform. The transaction features a portfolio of working photo voltaic and power storage property, a pipeline of under-development initiatives and prospects throughout 25 states, and a group of trade professionals.
Amite Photo voltaic in Louisiana. Credit score: NextEra Vitality
With this acquisition, Madison’s ecosystem now totals almost 1 GW of working clear power infrastructure property serving a whole lot of shoppers — together with Fortune 500 companies, K-12 colleges, industrial and manufacturing amenities, electrical cooperatives and municipal utilities.
“Right this moment’s announcement represents a big milestone in Madison’s journey to ship distinctive worth to main companies and communities throughout the U.S.,” mentioned Richard Walsh, CEO of Madison. “We’re deeply grateful to our companions at NextEra Vitality Assets and all those that made this acquisition potential. We embrace our mission with confidence and enthusiasm, and we couldn’t be extra excited concerning the path forward.”
Moreover, Madison acquired Sun Tribe Solar, the industrial arm of fresh power developer Solar Tribe, together with its challenge pipeline, in April 2024.
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