Squared Capital’s ISQ Global Infrastructure Fund has acquired Lincoln Clean Energy, a developer, owner and operator of wind and solar projects in North America.
The deal includes an operating solar facility in southern New Jersey and Lincoln’s development and asset management platforms.
Lincoln said it plans to deploy $250m in equity investments through 2018.
I Squared Capital partner Adil Rahmathulla said: “This is an opportune time to invest in the renewable energy sector and we are delighted to partner with Lincoln’s high caliber management team, with its proven track record in the development and management of clean energy projects.
“Lincoln’s operational experience and track record, combined with I Squared Capital funding and expertise, positions Lincoln to become a premier renewables generation company in the US.”
Image: Morgue File
