Macquarie Unloads 22-MW Solar Development To PE-Led Pair

Law360, New York (July 9, 2013, 4:31 PM EDT) -- New York hedge fund D.E. Shaw & Co. teamed up with cleantech investor Bright Plain Renewable Energy LLC to scoop up a 21.9-megawatt solar power development in California from a division of Macquarie Group Ltd., seizing on heightened market demand for renewable energy, the firms said Tuesday.

Neither D.E. Shaw, which made the investment through its D.E. Shaw Renewable Investments LLC unit, nor Bright Plain spelled out the deal's financial terms or said how they would split ownership of the assets. The transaction lifts ownership from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.