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Sunergy Renewables to go public via special public acquisition company deal

Juan Pedro April 25, 2023

In Florida, Reuters reported that solar energy company Sunergy Renewables announced that it aims to go public via a merger with blank-check firm ESGEN Acquisition Corp in a deal that will value the combined company at $475 million. Founded in 2005, Sunergy provides solar and battery-based power as well as storage systems for residential use in Florida, Texas and Arkansas. “The proceeds from the transaction will help Sunergy scale more rapidly to meet the current demand we are seeing from our customers,” Sunergy Chief Executive Tim Bridgewater said. Following the completion of the transaction, expected in the fourth quarter of the year, the combined company will be listed on the Nasdaq, according to the report.

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Categories: Energy

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