Madison Energy Infrastructure Shifts to Long-Term, Customer-Focused Strategy
Madison Energy Infrastructure has adapted its strategy to a more customer-centric, long-term approach. Despite market unpredictability, the company remains confident about distributed generation. It has secured a substantial $800 million long-term debt facility and acquired NextEra Energy Resources' distributed generation development platform.
The acquisition includes a portfolio of solar and energy storage assets, as well as a pipeline of projects under development. This deal enables Madison Energy Infrastructure to cater to a wider range of customers, including heavy industrial clients and municipal and cooperative utilities.
Madison's CEO highlighted the need for new generation and swift interconnectivity as benefits for the distributed generation market. Upon completion of the deal, Madison will have nearly a gigawatt of clean distributed infrastructure under its generation. Notably, the NextEra team responsible for the platform is also joining the transaction, bringing valuable expertise to Madison.
Madison Energy Infrastructure's expansion into new types of assets with this acquisition underscores its commitment to growth and innovation in the energy sector. With the support of both new and existing investors through the $800 million long-term debt facility, the company is well-positioned to serve its customers and contribute to the market's development.
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