Macquarie Asset Management (MAM), D. E. Shaw Renewable Investments (DESRI), and the D. E. Shaw group announced that MAM has completed a previously announced significant minority investment in DESRI via several MAM-managed funds. And DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. The investment will enable DESRI to continue its growth.
DESRI develops, acquires, owns, and operates long-term contracted renewable energy assets in the U.S. And DESRI’s portfolio of contracted, operating, and in-construction renewable energy projects currently includes 70 solar and wind projects representing more than ten gigawatts of aggregate capacity.
Macquarie Asset Management is a global asset manager, integrated across public and private markets trusted by institutions, governments, foundations, and individuals to manage about $633.7 billion in assets.
KEY QUOTES:
“This represents an important milestone in our partnership with DESRI to expand access to renewable energy. We look forward to continuing to work collaboratively with key stakeholders to further strengthen energy infrastructure across the United States.”
- William Demas, Head of Macquarie Asset Management Green Investments in the Americas
“I’m excited for DESRI’s continued growth, and I look forward to our partnership with Macquarie accelerating that growth. I want to thank the D. E. Shaw group and our exceptional DESRI team for everything they’ve done over the past decade to build our durable foundation.”
- David Zwillinger, Chief Executive Officer of DESRI
