D. E. Shaw Renewable Investments and Macquarie Asset Management announce agreement for MAM to invest up to $US1.725 billion in DESRI

Macquarie Asset Management (“MAM”), DESRI and the D. E. Shaw group announce that MAM has agreed to acquire a significant minority stake in DESRI via a number of MAM-managed funds.

The MAM-managed funds include Macquarie Global Infrastructure Fund (“MGIF”), Macquarie Green Energy and Climate Opportunities Fund (“MGECO”) and Macquarie Energy Transition Infrastructure Fund International (“METI”). DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. This investment of up to approximately $US1.725 billion is intended to enable DESRI to continue its growth and enhance its market-leading position.

The transaction is subject to closing conditions, including regulatory approvals.

Read more: Full press release.