Correlate Infrastructure Partners plans to acquire Vermont-based Aegis Renewable Energy

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Correlate Infrastructure Partners has announced a non-binding letter of intent to acquire Vermont-based Aegis Renewable Energy. Aegis is a commercial, industrial and community solar company focused on solar project development and EPC services in the eastern United States and is a member of the Amicus Solar Cooperative Network.

Once complete, Correlate’s acquisition of Aegis Renewable Energy will provide the company with strategic capabilities to tap into the burgeoning Northeast renewable energy market. With expertise in simplifying energy optimization and sustainability, Correlate will leverage Aegis’ deep regulatory knowledge, project execution, operations and maintenance capabilities to deliver and expand its backlog of projects in the region intend to do something.

The Northeast renewable energy market is very strong. As an example, the Vermont government has set a goal of meeting 90% of its energy needs from renewable sources by 2050. Many other Northeastern states also have ambitious renewable energy goals, including Maine, New York, Maryland, Massachusetts and New Jersey. The acquisition of Aegis provides Correlate with immediate access to the Vermont market and region as a whole.

“Upon completion of this significant acquisition, Correlate will join an experienced team to create a compelling fit for expanding Correlate’s energy optimization platform while also creating Northeast Asia as a leading renewable energy project developer. A proven success in the internal market.” President.

The acquisition also concludes a year-long intensive investigation by Aegis.

Aegis CEO Nils Behn said: “After turning down several offers from other companies, Correlate contacted me and it quickly became clear that they hit the mark on all fronts. I couldn’t be happier with my decision.”

News items from Correlate Infrastructure Partners

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