Newman & Lickstein, LLP represented 5 Rivers Energy Inc. in the sale of a three-project battery energy storage portfolio in Michigan to Advantage Renewables.
The transaction positions 5 Rivers Energy to keep advancing its broader pipeline of storage and renewable energy projects across North America and abroad. With strategic buyers actively seeking high-quality development-stage projects, the company remains focused on identifying, developing, and monetizing renewable energy infrastructure opportunities.
“This transaction reflects the depth of our renewable energy practice, and it tracks a real increase in M&A activity across the sector, particularly for well-entitled, development-stage projects that are ready to move to a buyer with operational scale,” said Linda Morgan, a partner at Newman & Lickstein.
We congratulate 5 Rivers Energy and its team on this achievement and are pleased to have supported the company in connection with this transaction. We look forward to the company’s continued growth as it helps build the next generation of clean energy infrastructure.
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