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

By Jonathan Tourino Jacobo
August 3, 2022
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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

24 March 2026
Dallas, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2026!

Read Next

February 6, 2026
Home battery storage and virtual power plant (VPP) specialist Lunar Energy has raised US$102 million in an oversubscribed Series D financing round led by B Capital and Prelude Ventures.
February 6, 2026
E-Storage, Canadian Solar’s energy storage subsidiary and owner and operator Sunraycer Renewables have entered into agreements for the supply and long-term servicing of two battery energy storage systems (BESS) in Franklin County, Texas, US.
Premium
February 5, 2026
Energy-Storage.news Premium speaks with Noon Energy co-founder and CEO Chris Graves about the company’s approach to long-duration energy storage.
February 5, 2026
Energy storage developer-operator Aypa Power has closed a US$1.5 billion construction warehouse revolving credit facility to advance projects across the US.
February 4, 2026
Three Chinese energy storage companies have recently successively filed or updated their listing applications with the Hong Kong Stock Exchange (HKEX), planning IPOs on the Hong Kong Main Board.