Array Technologies, a manufacturer of solar technology, has agreed to sell up to $500 million of stock to private equity firm Blackstone Energy Partners.
“This investment and its terms underscore the preeminent position that Array occupies in the solar industry and is a tremendous validation of the company’s long-term growth potential,” said Brad Forth, Chairman of Array Technologies.
“Investing in Array is an opportunity for us to partner with an established solar industry leader and highlights Blackstone’s commitment to investing in companies that are enabling the transition to clean energy,” said Bilal Khan, Senior Managing Director of Blackstone.
