OYA Solar Raises Additional Funds in Private Equity

Deal In Brief

OYA Solar, an emerging independent power producer, has raised funds in private equity. The transaction was led by Greenbacker Capital Management, LLC investing through an affiliated fund. Additional investors included Lewis & Clark Holdings and entities controlled by abrdn plc, each existing investors in the Fund

Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions.

Deal Type	Private Equity
Sub-Category	DIRECT INVESTMENT
Deal Status	Completed: 2022-01-19

Deal Participants

Target (Company)	OYA Solar Corp
Acquirer (Company)	Standard Life plc

Deal Rationale

Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions.

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