Aggreko Energy Solutions, a prominent developer, owner, and operator of utility-scale and distributed solar and storage projects, has acquired commercial and industrial solar developer Infiniti Energy. The strategic acquisition strengthens Aggreko’s renewable energy portfolio in North America.
Infiniti Energy Acquisition Adds 34 MW of Solar Projects
The acquisition of Infiniti Energy brings 12 MW of contracted operational solar assets, 22 MW of solar projects ready for construction, and an extensive project pipeline to ETS’s expanding portfolio. This move also bolsters ETS’s presence across several East Coast markets and enhances its in-house capabilities, from power purchase agreement (PPA) origination to turnkey engineering, procurement, and construction (EPC) management.
Jerry Polacek, President of Aggreko ETS, stated, “By merging Aggreko’s global scale, financial strength, and industry expertise with Infiniti’s distributed solar development and EPC capabilities, we are uniquely positioned to provide turnkey decarbonization solutions to our customers.”
Michael Kushner, CEO of Infiniti Energy and newly appointed General Manager of Aggreko ETS’s C&I business, said, “I extend sincere thanks to our dedicated team and share our excitement for the growth opportunities this transaction offers our clients. We deeply value the trust placed in us by our clients and vendors over the years, and we eagerly anticipate continuing to serve them with expanded resources and expertise.”
Upper Bay Exits Infiniti’s IPP with CRC-IB Advisory
Upper Bay, a mid-market infrastructure private equity firm, has completed its exit from Infiniti Energy after successfully developing it into an independent power producer (IPP) platform under institutional ownership. CRC-IB advised Upper Bay Infrastructure Partners throughout the transaction.
About the Partners
Aggreko Energy Transition Solutions (ETS), a division of Aggreko Ltd., specializes in developing, owning, and operating utility-scale and distributed solar and battery storage projects across the United States. The division delivers comprehensive energy transition solutions, offering cost-effective, dependable, and environmentally friendly power to its customers.
Aggreko is a global leader in providing energy solutions that drive business growth and support community development. The company is dedicated to investing in sustainable products, fuels, and services to make eco-friendly options accessible and support its customers’ journey toward a more sustainable and efficient future. Aggreko employs more than 6,000 people worldwide and manages a fleet of energy assets exceeding 10 GW.
Infiniti Energy is a national commercial solar developer and independent power producer that offers engineering, procurement, construction, and long-term financing services to clients and solar companies. Its team has more than 1GW of experience in both the public and private sectors, serving Fortune 100 portfolios and government entities.
Upper Bay Infrastructure Partners is a privately owned investment firm focused on North American infrastructure private equity investments within the middle market. The firm targets diversified assets and growth-oriented opportunities, partnering with top operators and developers. Its primary investment sectors include transportation, power & utilities, midstream, and telecommunications. Established in 2018 by former Nuveen executives, Upper Bay is headquartered in New York City.