Magnetar Capital has acquired Lendlease’s renewable energy business unit and will operate under a new name, Vesper Energy. Financial terms were not disclosed.
“We’re thrilled to partner with Magnetar to strategically grow our renewables business across the U.S. and shape Vesper Energy’s strategy as a standalone company,” said Craig Carson, CEO of Vesper Energy.
Since its start in 2015, Vesper Energy has commercialized more than 680 megawatts of utility-scale solar projects in the United States. The company develops, builds and operates high-quality assets that contribute to a sustainable, decarbonized electrical grid. Its current customers include municipalities, higher education institutions, large corporations and integrated electric utilities.
“Decarbonization of the North American energy ecosystem will continue to be led by proven companies like Vesper Energy,” said Craig Rohr, managing director at Magnetar. “Magnetar is excited to partner wi
