Entropy Investment unit buys majority stake in Argand Energy
Jul 11, 2014 - US solar developer Argand Energy Solutions LLC (ARGENEP) said Thursday it has finalised the sale of a majority interest to a subsidiary of sector investor Entropy Investment Management, an affiliate of York Capital Management.
The company did not disclose the financial details of the deal.
Argand has been renamed to Entropy Solar Integrators. The company is a solar developer which also provides engineering, construction and procurement services for the industry.
This acquisition will add EPC capabilities to the group, said Lewis Reynolds, managing partner of Entropy. Entropy engages in energy investment and management, asset finance, private equity investments in the renewable energy sector in North and South America and the Caribbean.