Aggreko acquires C&I company Infiniti Energy, SolarBank adds Ontario PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Aggreko expands its solar PV distributed generation capabilities and assets with the acquisition of Infiniti Energy. Credit Aggreko

Aggreko Energy Transition Solutions, a division of power generation equipment supplier Aggreko, has acquired US-based commercial and industrial solar company Infiniti Energy from private equity firm Upper Bay Infrastructure Partners.

With the acquisition, Aggreko expands its solar PV distributed generation capabilities and assets, adding 12MW of contracted operational capacity and 22MW of construction-ready PV projects. At the same time, the company increases its presence in several markets on the US East Coast and its capabilities to secure power purchase agreements.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The companies did not disclose the value of the transaction.

Jerry Polacek, president at 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 (“EPC”) capabilities uniquely positions us to deliver turnkey decarbonisation solutions to our customers.”

SolarBank acquires investment vehicle Solar Flow-Through Funds

In other acquisition news, independent power producer (IPP) SolarBank has acquired investment vehicle Solar Flow-Through Funds (SFF).

The acquisition involved the acquisition of all of the issued and outstanding common shares of SFF through a plan of arrangement in an all stock deal, which values the company at up to US$45 million. However, the consideration paid excludes the common shares of SFF currently held by SolarBank.

Under the terms of the transaction, SolarBank has agreed to issue up to 5,859,561 common shares of SolarBank for an aggregate purchase price of up to US$41.8 million, representing US$4.50 per SFF common share acquired.

With the acquisition, SolarBank adds 28.8MW of combined solar PV capacity over 70 operating projects located in Ontario, Canada. These projects operate under a Feed-in-Tariff programme with Ontario.

On top of the solar assets, SFF also has an aggregate discharge capacity of 14.97MW from three battery energy storage system projects under construction in Ontario. The projects are expected to operate under long-term guaranteed capacity contracts with Ontario Independent Electricity System Operator (IESO)

Richard Lu, president & CEO of SolarBank, said: “SolarBank is going to continue to target further growth of its independent power producer assets through organic project origination and strategic acquisitions of assets.”

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

October 8, 2025
US solar module prices jumped in Q3 2025 as developers scrambled to meet the 2 September 2025 safe harbour deadline for Investment Tax Credit (ITC) qualification, according to supply chain platform Anza.
October 8, 2025
Despite policy headwinds on the federal level, there is optimism for the future of the US solar and storage sector.
October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.
October 7, 2025
US independent power producer (IPP) Arevon has begun operations at two utility-scale solar projects in Indiana.
Premium
October 6, 2025
Talon PV aims to be the first US company to safely manufacture TOPCon cells at scale, backed by European technology and a crucial First Solar licensing deal.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK