Swiss Private Equity Giant Makes $400 Million Bet on U.S. Solar
- Dimension builds small community solar power projects
- Partners sees that niche market growing 10-fold next 5 years
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Swiss private equity firm Partners Group Holding AG agreed to buy a majority stake in U.S. community solar developer Dimension Renewable Energy, betting its niche market could grow tenfold in the coming years.
Partners paid $400 million for the stake, according to a person with knowledge of the deal, who asked not to be named because they aren’t authorized to discuss it publicly. The Baar, Switzerland-based firm didn’t disclose a price for the acquisition.