DULUTH, Minn : ALLETE, Inc. (NYSE:ALE), today announced it has closed the previously announced acquisition of New Energy Equity, one of the nation’s top distributed solar developers, for approximately $165.5 million. New Energy Equity, with headquarters in Annapolis, Maryland, has successfully completed more than 250 distributed solar projects across the nation totaling more than 330 […]
IPS Solar Acquired by New Energy Equity – EQ Mag Pro
Roseville, Minnesota : Impact Power Solutions (IPS Solar) announced on Thursday it was being acquired by New Energy Equity LLC. On March 2, ALLETE, Inc. (NYSE: ALE) announced it is acquiring New Energy Equity, which includes IPS Solar for $165.5 million. IPS Solar will retain its branding and corporate headquarters in Roseville, Minnesota. “The IPS […]
New Energy Equity (NEE) Recognized as Sixth Largest Solar Developer in the U.S.
ANNAPOLIS, Md : New Energy Equity was ranked as the sixth largest developer in Solar Power World’s release today of its Top Solar Contractors list, recognizing hundreds of solar contractors and developers across the United States. NEE was also identified as the fourth largest commercial solar contractor nationwide. In 2018, the company installed just under […]
New Energy Equity (NEE) Receives Major Investment from SmartPitch Ventures
ANNAPOLIS, Md.: Leading solar developer New Energy Equity (“NEE”) and private equity investment fund SmartPitch Ventures (“SmartPitch”) announced today the closing of a major investment in NEE by SmartPitch. Under the terms of the agreement, SmartPitch assumed a controlling interest in NEE. The investment will accelerate NEE’s growth for the coming years and entrench their […]