WeHo Private Equity Firm Invests in Baja California Green Energy Company
Tuesday, September 4, 2018
Everlert Inc., a West Hollywood private equity firm, announced Sept. 4 that it has taken a 40 percent stake in Baja Green Energy S.A., a Mexican developer of renewable energy generation and storage projects.
Baja Green Energy uses a pumped hydro electricity storage system developed by Water & Energy for Life, a joint Mexican and Dutch venture, as part of renewable energy projects. The announcement from Everlert mentioned a solar power plant proposed for the Mexicali area of the Mexican state of Baja California, but provided no additional specifics on this project or on other renewable energy projects.
Everlert’s previous investments have focused mostly on entertainment projects and on assisted- and sober-living facilities.
“This…acquisition of 40 percent of Baja Green Energy enables Everlert to expand its reach and influence internationally by originating and developing worthy assets in other countries,” Mark Blankenship, chief executive of Everlert, Inc., said in the announcement.
Economy, education, energy and transportation reporter Howard Fine can be reached at hfine@labusinessjournal.com. Follow him on Twitter @howardafine.