By Dominic Chopping


STOCKHOLM--Swedish private-equity firm EQT AB said Tuesday that it has agreed to acquire Madison Energy Investments from affiliates of Stonepeak Partners LP.

Madison Energy Investments is a U.S. developer, owner, and operator of solar and energy storage projects for commercial and industrial and community-based customers with a portfolio of more than 386 megawatts.

The company was founded in 2019 and is headquartered in Virginia.

EQT said that with the acquisition, EQT Infrastructure VI, with a target fund size of 20 billion euros ($21.22 billion), will be 0-5% invested based on its target fund size.

The transaction is expected to close in the first quarter of 2023, subject to approvals.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

12-20-22 1030ET