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Investegate |SDCL Energy Effcncy Announcements | SDCL Energy Effcncy : Annual Results for the year ended 31 March 2021
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Rochester, New York: The City Kodak Built
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6 April 2021 | 07:39am
StockMarketWire.com - SDCL Energy Efficiency Income Trust said it had agreed to acquire commercial district energy system RED-Rochester from a fund managed by an affiliate of Stonepeak Infrastructure Partners for about $177 million.
The asset was one of North America s largest district energy systems with 117 megawatts of steam turbine generators plus boilers, chillers and other equipment.
It provided exclusive utility services to commercial and industrial customers within the 1,200 acre Eastman Business Park, located in Rochester, New York.
SDCL Energy Efficiency said the acquisition would be funded from existing cash reserves and revolving credit facilities.
Story provided by StockMarketWire.com
Stonepeak Infrastructure Partners
Stonepeak Infrastructure Partners and Ironclad Energy Partners Announce Sale of Rochester District Energy Assets to SDCL Energy Efficiency Income Trust for $260mm Enterprise Value
Tuesday, April 6, 2021 12:53PM IST (7:23AM GMT)
New York, United States:
Ironclad Energy Partners LLC (“Ironclad”), an affiliate of Stonepeak Infrastructure Partners (“Stonepeak”), has agreed to sell 100% of its indirect equity interests in RED-Rochester, LLC (“RED”) and associated affiliates to SDCL Energy Efficiency Income Trust plc (“SEEIT”) for $260 million enterprise value, subject to customary closing adjustments.
As one of the United States’ largest district energy systems, RED exclusively serves 100+ commercial and industrial customers within the Eastman Business Park (“EBP” or the “Park”) in Rochester, New York. RED’s asset base has continuously served the 1,
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