Who owns MN8 energy?

The company will be re-named MN8 Energy and will be led by Jon Yoder, who is head of Goldman Sachs Asset Management’s Renewable Power Group, as Chief Executive Officer and David Fernandez, head of management and oversight of GSRP’s projects as Chief Operating Officer.

How did MN8 energy get $325 million?

Independent renewable energy company MN8 Energy announced Monday it secured $325 million in funding through a private placement — a private stock sale to pre-selected investors — to grow and expand operations.

Who will join MN8 energy?

Approximately 100 current employees of Goldman Sachs Asset Management that work on the team managing the investment vehicle are expected to join MN8 Energy. The transaction was approved by GSRP’s board of directors (the “Board”), currently composed of eight individuals who are independent from Goldman Sachs Asset Management.

Who owns MN8 energy & Mercuria Energy?

Ridgewood Infrastructure and Switzerland-based Mercuria Energy both secured observer seats on the renewable energy company’s board of directors as part of the transaction. MN8 Energy spun off from Goldman Sachs Asset Management in 2022 and provides solar power generation, battery storage and EV charging services. Felbaba Volodymyr via Getty Images

How much is MN8 energy worth?

(USD 1.0 = EUR 0.930) US independent solar power producer MN8 Energy LLC announced on Monday the closing of a USD-325-million (EUR 303m) private placement, the proceeds of which will allow the company to expand its operations.

Who is MN8?

Originally founded inside of Goldman Sachs, MN8 is now one of the largest and most sophisticated renewable energy companies in the US. Our story began with two simple insights. First, enterprise customers were beginning multi-decade decarbonization journeys. Second, declining costs of renewable energy would disrupt the traditional power grid.