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MN8 Energy secures $325 million in funding; Lightshift Energy raises $100 million for sustainable projects.

Gold Sachs Renewable Power spin-out MN8 Energy has raised US$325 million in private placement from Mercuria and Ridgewood. The company was founded inside Goldman Sachs Asset Management in 2017 and was spun out into a separate, independently-owned company in 2022. MN8, which has 3.2GW of solar PV projects spread across 875 projects in 28 states, serves ‘enterprise customers’ and has a commercial and industrial segment focus. It also has 270MW of battery storage projects and electric vehicle (EV) charging solutions. In addition, Lightshift Energy, formerly known as Delorean Power, has raised $100 million from two sustainable infrastructure investment vehicles managed by Greenbacker Capital Management.

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