Renewable Energy Acquisitions in North Carolina

Swell Energy, an energy management and virtual power plant provider, acquired Charlotte-based Renu Energy Solutions, including its maintenance subsidiary Sun Service Specialists. The deal expands Swell's foothold across the Southeast and mid-Atlantic, combining Renu's project development and in-house installation/maintenance capabilities with Swell's financing and VPP technology to accelerate deployment of residential and commercial solar plus storage.

Integrated Power Services (IPS) has acquired Wind Solutions LLC, a Sanford, North Carolina-based specialist in repair upgrades, accessory components, and patent-protected yaw system components for utility-scale wind turbines. The acquisition expands IPS’s renewables capabilities by adding in-house design, engineering, manufacturing and IP to support owner-operators and utilities across North America.

EQT Infrastructure V has agreed to acquire Cypress Creek Renewables, a vertically integrated U.S. solar and storage developer, owner and operator, from funds managed by HPS Investment Partners and Temasek. The deal will support Cypress Creek's growth plans — including investments in operations, digital and sustainability initiatives — and is expected to close subject to customary approvals in H2 2021.