Eversource buys ex investment banker’s biz, enters solar rooftop space
MUMBAI: EverSource Capital, a JV between PE firm Everstone Capital and Lightsource BP, has acquired Origin Renewables – a company which is into solar rooftop space, as part of entering the rooftop focused commercial and industrial (C&I) business.
Origin, which develops and invests in solar rooftop and other renewable projects on a Operational Expenditure (OPEX) or Build Own Operate and Transfer (BOOT) model, was owned by Manikkan Sangameswaran, a former investment banker worked with Babcock & Brown, ABN AMRO and UBS Securities.
