US$500 million investment into US developer Longroad led by Munich Re asset management arm

By Jonathan Tourino Jacobo
LinkedIn
Twitter
Reddit
Facebook
Email

US developer, owner and asset manager Longroad Energy has secured a US$500 million equity investment to support its business model shift from a “develop to sale” strategy to the ownership of renewable energy projects in the US.

Moreover, it will further accelerate its portfolio growth from 1.5GW of owned assets to more than 8.5GW of solar, wind and energy storage in the next five years.

The investment was led by MEAG, acting as asset management arm for insurer Munich Re and two existing funds NZ Super Fund and Infratil.

To read the full version of this story visit PV Tech.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Premium
August 28, 2025
Energy-Storage.news Premium speaks with Sergio Melendez, storage sector manager at CAISO, and Ali Karimian, market optimisation director at GridBeyond, about regulating Bid Cost Recovery Payments in the California Independent System Operator market.
August 28, 2025
California utility Pacific Gas and Electric (PG&E) has pushed back recommissioning of the Elkhorn battery energy storage system (BESS) by approximately one year, to 30 June 2026.
August 28, 2025
California and Texas have been “really good proving grounds” for energy storage, according to the CEO of developer Fullmark Energy.
August 28, 2025
Asset manager MEAG and a subsidiary of inverter specialist SMA have partnered to deploy a 130MW/354MWh BESS in Germany, their second together and one which will deploy ‘next-generation’ inverters.
August 27, 2025
Three companies, Pacifico Energy, Zenith Volts, and Fermi America have begun expanding power generation and energy storage capabilities for US data centre development.

Most Popular

Email Newsletter