Finance
Macquarie to Acquire Stake in D.E. Shaw Renewable Investments
- Australian firm’s funds to invest as much as $1.73 billion
- DESRI portfolio has over 10 gigawatts of generation capacity
D. E. Shaw Renewable Investments has a portfolio across 24 states with more than 10 gigawatts of generation capacity.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Macquarie Group Ltd.’s asset-management arm agreed to acquire a minority stake in D. E. Shaw Renewable Investments, a renewable-energy company that owns, operates and develops US wind, solar and battery-storage projects.
The equity investment of as much as $1.73 billion is “intended to enable DESRI to continue its growth and enhance its market-leading position,” the companies said in a statement seen by Bloomberg News and scheduled to be released Tuesday.