Igneo Infrastructure Partners Acquires Majority Stake in Soltage

September 7, 2023

Igneo Infrastructure Partners has agreed to acquire a majority equity interest in Soltage, a Jersey City–based developer, owner and operator of distributed solar and storage assets across 18 U.S. states. The investment will support Soltage's transition to a full independent power producer (IPP) model and the buildout of its 1.9 GW pipeline; terms were not disclosed and the deal is expected to close in 2023.

Buyers
Igneo Infrastructure Partners
Targets
Soltage, LLC
Sellers
Prudential Private Capital, Other existing investors
Industry
Renewable Energy
Location
New Jersey, United States
Transaction Type
Buyout

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