Investment Summary

EIG Partners Invests In Modern Energy

On July 16, 2020, asset manager EIG Partners invested in renewable energy company Modern Energy

Investment Highlights
  • This is EIG Partners’ 11th transaction in the Renewable Energy sector.
  • This is EIG Partners’ 30th transaction in the United States.
  • This is EIG Partners’ 1st transaction in North Carolina.

Investment Summary
Date 2020-07-16
Target Modern Energy
Sector Renewable Energy
Investor(s) EIG Partners
Deal Type Growth Capital

Target

Modern Energy

Durham, North Carolina, United States
Modern Energy is a distributed energy company dedicated to providing affordable, reliable, and sustainable energy for all. Modern Energy’s businesses deliver distributed energy solutions, including energy efficiency, energy storage, distributed generation, and demand management, to customers and markets in the United States and Brazil. Modern Energy was founded in 2016 and is based in Durham, North Carolina.

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Investor(S) 1

Investor

EIG Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.

DEAL STATS #
Overall 44 of 55
Sector (Renewable Energy) 11 of 14
Type (Growth Capital) 3 of 4
State (North Carolina) 1 of 1
Country (United States) 30 of 34
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Seagreen Wind Energy

Reading, United Kingdom

Seagreen Wind Energy is a developer of an offshore wind development zone located about 16 miles off the Angus coast of Scotland. Seagreen Wind Energy is based in Reading, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 ib vogt

Berlin, Germany

ib vogt develops, builds operates, and delivers high-quality, large-scale turnkey PV plants worldwide. As a manufacturer-independent integrated developer, EPC, and O&M provider with a strong worldwide network of local development partners, the company provides high-quality turnkey PV plants, designed and engineered, to end investors internationally. ib vogt was founded in 2002 and is based in Berlin, Germany.

Buy -
Mergr

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