Continuum Green Energy Holdings will acquire the remaining 26 per cent stake held by Clean Energy Investing (CEIL), an investment vehicle backed by Morgan Stanley Infrastructure Partners.
The stake acquisition marks the exit of the US investor after over a decade of involvement. Continuum Energy (CEPL) signed a share purchase agreement with CEIL to hold 100 per cent ownership of Continuum Green Energy. This transaction follows a series of stake increases by CEPL earlier in 2024, including the conversion of CEIL’s convertible securities and additional share purchases in May which raised its stake in Continuum Green Energy Limited to 74 per cent.