Aggreko Energy Transition Solutions (ETS) is acquiring US-based commercial and industrial solar company Infiniti Energy from Upper Bay Infrastructure Partners for an unspecified amount.
Aggreko ETS builds, owns, and runs large-scale and localised solar power plants with battery storage throughout the US. The acquisition of Infiniti Energy, adds 12MW of operational solar facilities under contract, along with another 22MW of construction-ready solar projects, and a pipeline of future projects.
Aggreko ETS said the deal expands its presence in several East Coast markets and strengthens its internal expertise in areas like creating power purchase agreements and managing turnkey.
Jerry Polacek, president of Aggreko ETS, said: “Combining the global scale, financial strength, and industry expertise of Aggreko with Infiniti’s distributed solar development and engineering, procurement and construction capabilities uniquely positions us to deliver turnkey decarbonisation solutions to our customers.”
Michael Kushner, CEO of Infiniti Energy and newly appointed general manager of Aggreko ETS’s commercial and industrial business, said: “I want to extend a heartfelt thank you to our dedicated team and express our excitement for the growth opportunities this transaction presents for our clients.
“We deeply appreciate the trust our clients and vendors have placed in us over the years and we look forward to continuing to serve them with enhanced resources and expertise.”
To read the latest IPE Real Assets magazine click here.
