Lazard Asset Management’s (LAM) sustainable private infrastructure (Lazard SPI) strategy is taking 100 percent ownership of Collective Energy, an Austrian company providing advisory services and solar generation solutions to commercial customers.
Financial terms of the transaction were not disclosed, however, Lazard revealed one of the sellers was The Blue Minds Company.
Collective Energy specializes in owning and operating rooftop solar PV systems and consulting to communities and commercial clients. Partnering with a highly commercial management team, Lazard SPI will aim to support the company’s growth by funding projects with new and existing clients and exploring adjacent growth opportunities. LAM said this investment reflects the growth and diversification of its sustainable private infrastructure strategy in Europe.
“There is significant forecast growth in behind-the-meter energy generation in Austria, and we are confident that Collective Energy can
