NextEra Energy, Inc. has agreed to acquire Smart Energy Capital, an independent U.S. developer and financier of commercial scale solar photovoltaic power facilities, SparkSpread has learned.
Financial terms could not be determined.
TAG Energy Partners, a New York City-based independent investment banking firm, advised Smart Energy on the transaction.
Its portfolio includes a 1.5 ground-mounted solar facility at a wastewater treatment plant in Prescott Valley, Ariz.
Smart Energy was founded in 2009 and is led by Managing Partners Konstantin Braun, Mike Grenier and Rob Krugel.
Braun and Krugel were previously managing directors at Lehman Brothers, where Braun headed ABS/MBS structuring and Krugel ran structured finance.
Grenier previously led the development of SunEdison Europe and SunEdison Canada as senior director of business development.
Officials at Smart Energy, NextEra and TAG Energy Partners could not immediately be reached.
As published on SparkSpread on May 14, 2013.
To Learn more about TAG Energy Partners, click here