Apollo Funds to Acquire 50% Stake in Broad Reach Power from EnCap | Comunicados | Edición USA efe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from efe.com Daily Mail and Mail on Sunday newspapers.
Apollo Funds and existing EnCap-led shareholder group also commit to invest up to $400 million of new equity to accelerate Broad Reach Power's growth and expansion plansTransaction marks first sale for
Apollo Funds and existing EnCap-led shareholder group also commit to invest up to $400 million of new equity to accelerate Broad Reach Power’s growth and.
Apollo Funds to Acquire 50% Stake in Broad Reach Power from EnCap padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
7 May 2021 2:17 GMT Updated 7 May 2021 2:17 GMT in Perth
US private equity firm EnCap Investments has successfully closed its first energy transition fund, with commitments of about $1.2 billion.
EnCap, which has traditionally specialised in oil and gas, created the fund to invest in companies aimed at advancing the energy transition in the US, with a focus on creating wind, solar and energy storage enterprises.
It confirmed this week the fund had already deployed capital in five platform investments in the energy transition space, involving Broad Reach Power, Catalyze, Jupiter Power, Solar Proponent and Triple Oak Power.
“With the support of our investors, we have been able to establish five enterprises that are supporting the transition of the power grid, and their early progress is exceeding our expectations,” said EnCap energy transition managing partner Jim Hughes.