US solar and energy storage developer Borrego has completed the previously announced spin off and sale of its development business to energy transition investor ECP for an undisclosed amount, with the new company being renamed as New Leaf Energy.
The CEO of US solar and energy storage developer Borrego has said the company’s project development business will be less capital constrained under the new ownership of investment firm ECP, following a deal announced earlier this week to spin off and sell the unit.
US solar and energy storage developer Borrego will spin off and sell its development business, including its more than 8.4GW PV project pipeline, to investment firm ECP.
US-based residential solar firm Sunnova Energy has secured US$300 million from private equity firm Energy Capital Partners (ECP) to continue its growth in the residential solar sector.
