Utility-scale battery storage developer esVolta has retained Citi to consider strategic alternatives, said three sources familiar with the situation.

The deal will add to OMERS Infrastructure’s portfolio of renewable generation assets, which also includes Leeward Renewable Energy and a 19.4% stake in India-based independent power producer Azure Power Global Limited - a deal that happened earlier this year.

The massive amount of deal flow for renewable developers over the past six months has highlighted an ambitious trend: developers becoming independent power producers (IPPs).

With funds ponying up massive premiums for independent renewable energy developers, it stood to reason that Kansas City-based developer Savion Energy might follow suit.

Here’s a preview of our second of two panels “The Pipelines” where will we delve into the highlights in 2021 and top growth drivers in each regional market and future 2022 sub-sectors for renewable energy and alternative energy development.

The ongoing sales process is being viewed as asset recycling as the developer looks to use the resulting proceeds to build out its next generation of projects, combined with the new USD 1.8bn revolving credit facility it secured globally earlier this month.