Global alternative investment platform Slate Asset Management has acquired a “significant” minority stake of an undisclosed size in Canadian renewable energy company Roswall Development Inc.
Based in Halifax, Nova Scotia, Roswall is a developer of renewable energy projects that offers consulting, strategic planning, design-build installation, development, financing and operation services. Over a period of 15 years, the company’s leadership team has successfully developed and built CAD 150 million (USD 113.8m/EUR 113.9m) of wind, solar and retrofit projects across North America. The firm currently has “a significant and actionable” pipeline of wind schemes.
Slate said in a statement that its partnership with Roswall will help finance future projects.
“We have shown with our work in Nova Scotia and the Caribbean that locally produced renewable energy combined with energy retrofits can provide cost savings, emission reductions, and energy security. We are excited to find a likeminded partner in Slate, with the capacity and experience to grow our approach and accelerate energy transition and climate action here in Nova Scotia and abroad,” stated Daniel Roscoe, CEO of Roswall.
(CAD 1 = USD 0.759/EUR 0.759)
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