Oriden — Pittsburgh-based renewable energy developer with 5+ GW solar and battery storage development pipeline concentrated in MISO and PJM
I Squared Capital's Energy Transition Fund acquired Oriden from Mitsubishi Power Americas, with plans to invest ~$300M to scale the 5+ GW solar and storage pipeline in MISO and PJM. Marks I Squared's first major US renewables development platform.
$300M
Deal Value
5,000MW
Capacity
Solar + BESS
Technology
PA
Location
Deal Details
- Deal Type
- Sponsor / Platform Acquisition
- Seller / Sponsor
- Mitsubishi Power Americas
- Buyer / Financier
- I Squared Capital (Energy Transition Fund)
- Deal Value
- ~$300M planned investment to scale platform
- Stage
- Operating Platform
- ISO/RTO
- PJM
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