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 email@example.com. Follow him on Twitter @howardafine.
You May Also Like
- Deals & Dealmakers: WndrCo’s Privacy Play
- Ares Energy Fund Buys Majority Stake in N.J. Solar Firm
- L.A. Biomass Energy Firm Signs Japanese Deal During Mayor’s Asia Trade Mission
- Leonard Green Agrees to Buy CPA Global for $3.1 Billion
- North County Energy Project Proposed
- Tetra Tech Awarded $85M USAID Contract for Energy Security in Ukraine
- Paramount Refinery Sold as Part of $72 Million Deal
- DWP Makes Geothermal Deal