Asset manager seals investment in 49.9% stake in renewable energy provider

Galvanize Climate Solutions and Lightrock have both valued the company at US$9bn

The finance will fund renewable energy, storage and grid projects

Scandinavian power producer will use funds to invest in projects specified in its green finance framework

Canadian Solar-owned developer says regulatory approvals and other conditions have been met

Lower gross profit from the sale of projects leads to negative EBITDA of €3.7m