EQT Infrastructure VI fund has agreed to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners.
Founded in 2019, MEI has built a leading portfolio of more than 386 MW across the United States.
Spurred by customer demand and federal/state policy tailwinds, the distributed renewable generation industry continues to experience rapid growth and is a key facilitator of the broader energy transition. MEI's on-site and proximate distributed energy projects address critical energy supply issues by delivering significant cost savings compared to retail electricity prices and allowing its customers to avoid transmission constraints. MEI's innovative energy solutions are a key driver of C&I and community customers achieving their energy resiliency goals, which is essential for the global energy transition.