PNE USA will
be renamed Allium Renewable Energy
GREENWICH, Conn., June 6, 2024
/PRNewswire/ -- Lotus Infrastructure Partners ("Lotus") announced
today that it has completed the acquisition of PNE USA, an established developer of utility-scale
wind, solar, and energy storage projects in North America from PNE AG, a renewable energy
company based in Cuxhaven, Germany.
Led by a team of industry veterans, including CEO Karl Dahlstrom, PNE USA has successfully developed and monetized
877MW of wind and solar projects to date, and amassed a development
pipeline of over 3GW of capacity.
PNE USA will operate as Allium
Renewable Energy ("Allium") effective immediately.
"We are excited to partner with Karl and his team, who we've had
the pleasure to work across the table from for many years," said
Alex Daberko, a Managing Director at
Lotus. "Allium's development strategy aligns closely with our
own, and we believe the team's unique project identification and
commercialization capabilities will significantly expand Lotus's
existing renewable development efforts."
"Our team has long admired the work of the Lotus management
team," said Karl Dahlstrom, CEO of
Allium. "We know that our record of rapid growth in renewable
power development will be supported and accelerated by Lotus'
expertise in financing and operating energy assets. We are
fortunate to have the opportunity to work with them."
About Lotus Infrastructure Partners
Lotus
Infrastructure specializes in infrastructure investments along the
entire value chain of energy and related sectors as well as other
industries that benefit from sustainability and energy transition
trends. Our main focus areas include renewable power generation,
battery storage, renewable and low-carbon fuels, electric
transmission, thermal power, and midstream and downstream assets.
Our longstanding focus on renewable energy solutions provides us
unique perspectives on recent developments in the energy transition
space including sustainability, electrification and decarbonization
of the global economy. Lotus Infrastructure has raised in excess of
$3 billion of equity capital and has
executed transactions totaling more than $8
billion in enterprise value, inclusive of approximately
$2.8 billion in enterprise value
related to the development and construction of renewable assets
such as wind farms, solar farms, renewable natural gas (RNG)
projects, energy storage and biomass power plants. The Lotus
Infrastructure team brings extensive multi-functional expertise to
all of its investments including development, construction,
operations, acquisition and financing. For more information, please
visit www.lotusinfrastructure.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lotus-announces-acquisition-of-pne-usa-a-leading-renewable-development-platform-302166405.html
SOURCE Lotus Infrastructure Partners
