Tracked deals
5
5 tracked deals across 2021-2026.
Renewable Energy Buyers & Acquisitions in North Carolina
Buyer mix
Strategic-led
5 strategic · 1 pe
Top trend
Volume peaked in 2026
2 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Inox Clean Energy (via Inox Solar Americas) is expanding North Carolina’s solar manufacturing footprint with operational module capacity and a binding agreement for additional solar cell manufacturing expected by December 2026.
- Algorhythm Holdings, Inc. completed a biomass power plant acquisition in Charlotte via an asset purchase structured with common stock plus newly issued convertible preferred stock.
- Swell Energy Inc. added installation/maintenance depth through the acquisition of Renu Energy Solutions (and its maintenance subsidiary Sun Service Specialists) to support residential and commercial solar plus storage.
- Integrated Power Services (IPS) broadened renewables services with Wind Solutions LLC, adding in-house design, engineering, manufacturing, and IP for utility-scale wind turbines.
- EQT Infrastructure V (EQT Infrastructure) agreed to acquire Cypress Creek Renewables, a vertically integrated U.S. solar and storage developer, with focus areas including operations, digital, and sustainability initiatives.
| Buyer (recurring) | Notable North Carolina target | What it adds |
|---|---|---|
| Inox Clean Energy | Boviet Solar Technology (North Carolina) | Solar module manufacturing capacity |
| Swell Energy Inc. | Renu Energy Solutions | Installation/maintenance plus VPP/financing |
| Integrated Power Services (IPS) | Wind Solutions LLC | In-house wind turbine components & engineering |
| EQT Infrastructure V | Cypress Creek Renewables | Solar + storage development & operations |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Algorhythm Holdings, Inc. | 1 | Business holding company that owns and operates renewable... | Strategic |
| EQT Infrastructure V (EQT Infrastructure) | 1 | Global private capital and infrastructure investment orga... | PE |
| Inox Clean Energy | 1 | Indian solar and renewable energy platform expanding inte... | Strategic |
| Inox Solar Americas | 1 | Wholly owned Inox Clean Energy subsidiary operating solar... | Strategic |
| Integrated Power Services (IPS) | 1 | Provider of electromechanical equipment, rotating equipme... | Strategic |
| Swell Energy Inc. | 1 | Energy management and smart-grid solutions provider offer... | Strategic |
Acquisition Volume in Renewable Energy in North Carolina by Year
Last 4 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 15, 2026
- Buyer
- Algorhythm Holdings, Inc.
- Target
- Azure Energy, LLC
- Industry
- Renewable Energy
- Location
- North Carolina, United States
- Type
- Buyout
Algorhythm Holdings, Inc. completed its acquisition of Azure Energy, LLC, a renewable biomass power plant developer based in Charlotte, North Carolina. The transaction was structured as an asset purchase for total consideration of approximately $23 million, using a mix of Algorhythm common stock and newly issued preferred stock convertible into common stock after shareholder approval.
-
- Buyer
- Inox Clean Energy, Inox Solar Americas
- Target
- Boviet Solar Technology (North Carolina), Boviet Solar Technology
- Seller
- Ningbo Boway Alloy Material
- Industry
- Renewable Energy
- Location
- North Carolina, United States
- Type
- Buyout
Inox Clean Energy, through its wholly owned subsidiary Inox Solar Americas, acquired 100% of Boviet Solar Technology (North Carolina) for about US$750 million. The deal adds 3 GW of operational US solar module manufacturing capacity in Greenville, North Carolina, and includes a binding agreement for an additional 3 GW of solar cell manufacturing expected to be operational by December 2026.
-
February 7, 2024
- Buyer
- Swell Energy Inc.
- Target
- Renu Energy Solutions, Sun Service Specialists
- Industry
- Renewable Energy
- Location
- North Carolina, United States
- Type
- Buyout
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.
-
December 4, 2023
- Buyer
- Integrated Power Services (IPS)
- Target
- Wind Solutions LLC
- Industry
- Renewable Energy
- Location
- North Carolina, United States
- Type
- Buyout
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.
-
July 3, 2021
- Buyer
- EQT Infrastructure V (EQT Infrastructure)
- Target
- Cypress Creek Renewables
- Seller
- Funds managed by HPS Investment Partners, Temasek
- Industry
- Renewable Energy
- Location
- North Carolina, United States
- Type
- Buyout
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.
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Frequently Asked Questions
What kinds of renewable energy acquisitions are happening in North Carolina?
The deals cover multiple subsectors, including solar module manufacturing, solar and storage development, biomass generation assets, virtual power plant enablement, and utility-scale wind service and component capabilities.
Which buyers appear more than once across these North Carolina renewable transactions?
The page highlights several recurring acquirers, including Inox Clean Energy, Inox Solar Americas (as a subsidiary), Algorhythm Holdings, Inc., Swell Energy Inc., Integrated Power Services (IPS), and EQT Infrastructure V (EQT Infrastructure).
Do these acquisitions focus on building manufacturing capacity or expanding development and services?
Both themes show up. Some transactions focus on manufacturing scale (notably solar modules in Greenville), while others emphasize development and deployment capabilities (VPP/financing plus installation/maintenance, or in-house wind engineering and IP).
Are the deal locations concentrated in specific North Carolina cities?
Multiple summaries reference North Carolina generally, with specific cities appearing in the deal descriptions—most notably Charlotte and Greenville.
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Renewable Energy Acquisitions in 2026
Renewable Energy Acquisitions in 2024
Renewable Energy Acquisitions in 2023
Renewable Energy Acquisitions in 2021
Acquisitions in North Carolina
Private Equity-Backed Acquisitions in North Carolina
Acquisitions in North Carolina in 2026
Acquisitions in North Carolina in 2024
Acquisitions in North Carolina in 2023