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Trafigura's Nala, Buckeye acquire majority stake in U.S. renewable energy firm


By Reuters Staff
2 Min Read
FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse/File Photo/File Photo
LONDON (Reuters) - Trafigura’s joint venture Nala Resources and Buckeye Partners have bought a majority stake in Boston-based Swift Current Energy, Nala said in a statement on Wednesday.
Swift has commercialised 1.1 gigawatts (GW) of renewable projects since it was founded in 2016. The firm has a 6 GW pipeline of solar, wind and storage projects in the United States.
“This investment reflects Nala Renewables’ ambitious energy outlook and is an exciting inaugural acquisition for the company,” Nala Renewables’ incoming CEO Jasandra Nyker said. ....

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