Relevate Acquires Gravity Renewables, Doubling Sustainable Baseload Power Capacity and Strengthening Industry Leadership
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Relevate Power has acquired Gravity Renewables, doubling its sustainable baseload power capacity. The acquisition was financed by funds managed by Apollo Global Management (NYSE: APO).
December 05, 2024 | 2:15 pm
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Apollo Global Management provided financing for Relevate Power's acquisition of Gravity Renewables, which could enhance Apollo's investment portfolio in the renewable energy sector.
Apollo's involvement in financing the acquisition indicates a strategic investment in the growing renewable energy sector, which could positively impact its portfolio and stock price.
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