- Correlate just entered into a non-binding letter of intent to acquire Aegis Renewable Energy Inc. in a move that seeks to enhance sales, development, and construction capabilities for the company
- The acquisition also looks to strengthen Correlate’s human resources, equipping it with the necessary skills and expertise to take on the American Northeast market
- It is anticipated to close in Q4 2022 once due diligence is completed, and` upon its successful completion, Aegis will become Correlate’s third subsidiary, adding to its growing footprint in the American market
- Aegis will lend Correlate its strategic abilities to capitalize on the growing Northeast renewable energy market, along with its deep regulatory knowledge, project fulfillment, operations, and maintenance capabilities
Correlate Infrastructure Partners (OTCQB: CIPI) just entered into a non-binding letter of intent to acquire Aegis Renewable Energy Inc., a Vermont-based commercial, industrial, and community solar company. Through this acquisition, Correlate looks to bolster its presence in the Northeast while enhancing its sales, development, and construction capabilities (https://ibn.fm/pZ9Er).
“This proposed Aegis Renewable Energy acquisition will bolster Correlate’s Northeast presence with a top-notch team that has been successfully executing commercial and community-scale solar energy systems for the past 11 years,” noted Channing Chen, Correlate’s…
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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