Renewable Energy Acquisitions in Louisiana

Sunpro Solar, a New Orleans-based top-five U.S. residential solar provider operating in 16 states with more than 1,700 employees, received growth capital investments from Compass Group Equity Partners, MGG Investment Group, TGP Investments and Millstone Capital Advisors. The minority investments will support Sunpro's continued growth and geographic expansion across North America; Lincoln International served as Sunpro's exclusive financial advisor.

Drax Biomass submitted the winning auction bid of $35.4 million to acquire Louisiana Pellets, a bankrupt wood-pellet manufacturer based in Urania, Louisiana. The purchase adds a facility with ~450,000 metric tons/year capacity and supports Drax's strategy to more than double pellet production to self-supply 20–30% of Drax Power Station demand and pursue new biomass markets.