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EQT Buys US Solar Platform Madison Energy Investments from Stonepeak Partners

EQT Buys US Solar Platform Madison Energy Investments from Stonepeak Partners

Global investment firm EQT announced that the EQT Infrastructure VI fund has agreed to acquire Vienna, VA-based Madison Energy Investments (MEI) from affiliates of Stonepeak Partners LP.

Financial details of the deal have not been disclosed. The transaction is expected to close in the first quarter of 2023.

Founded in 2019, MEI is a US developer, owner and operator of solar and energy storage projects for commercial and industrial and community-based customers with a portfolio of more than 386 megawatts.

MEI managing partner Richard Walsh said: “We are looking forward to partnering with EQT’s US infrastructure platform. EQT’s team, experience and growth mindset make them the ideal partner to amplify our business in achieving new heights in clean energy.”

Going forward, EQT will support MEI’s management team and platform by offering growth capital to fast-track the deployment of distributed solar and storage assets.

Additionally, the deal gives MEI access to EQT’s in-house digital expertise to further digitize the organization.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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