Partnership will target sustainable energy infrastructure investments across the C&I and real estate sectors in Greece and the broader European market
MerakiCap, a fund management company currently raising a sustainable infrastructure fund, and Meraki Green Development Energy (“MGD Energy”), a Greece-focused energy development platform, today announced the signing of a Memorandum of Understanding (“MOU”) to establish a strategic joint venture for co-investment in energy services (ESCO) and solar-plus-storage projects.
The partnership will combine MerakiCap’s institutional capital deployment capabilities with MGD Energy’s deep expertise in project origination, development, and operations across the commercial and industrial (C&I) and real estate sectors. MGD Energy brings an established network of international climate technology partners, enabling the delivery of comprehensive distributed energy solutions to end customers.
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Under the terms of the MOU, the parties intend to co-invest through dedicated project-level special purpose vehicles, with MerakiCap providing strategic equity capital from its fund once fundraising is successfully completed. MGD Energy will serve as the project developer and operational manager, leveraging its technology partner ecosystem and energy management capabilities.
The joint venture will target projects spanning energy performance contracting, solar PV with battery storage, thermal energy solutions, and grid modernization.
The MOU establishes the framework for the partnership, with definitive agreements to be finalized following the successful closing of MerakiCap’s fund. The parties will now work towards formalizing the joint venture structure, governance arrangements, and investment processes.
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