Magnetar Capital buys Lendlease's renewables unit Vesper Energy
Date
November 20, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
(USA) United States of America
Subsectors
Photovoltaic
Energy Storage
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Magnetar Capital has announced its acquisition of Lendlease’s renewable energy business unit. The acquisition was completed in partnership with Lendlease’s Dallas-based leadership team. The acquired entity will operate under a new name: Vesper Energy.
Vesper Energy has an existing 3 GW solar and 2.5 GWh energy storage development pipeline across the U.S., encompassing 20 unique projects. The company plans to begin construction on three new projects in 2021 in California, Ohio, and Pennsylvania.
