Federated Hermes Limited, a London-based subsidiary of Federated Hermes, Inc., has completed the acquisition of a majority stake in Rivington Energy Management Limited. Rivington is a UK-based renewable energy project development business, specializing in areas such as energy efficient data centers, solar repowering, and co-located solar and battery energy storage.
This strategic acquisition combines Rivington's project development expertise with Federated Hermes' institutional investment and asset management capabilities. The deal is expected to provide investors with access to a pipeline of proprietary investment opportunities within the rapidly evolving energy transition sector, supporting companies in reducing energy costs and carbon footprints.
Rivington's Renewable Connections division has successfully consented over 1GW of solar and storage across 25 projects in the UK since 2021. The acquisition strengthens Federated Hermes' existing Infrastructure platform, which managed $2.8 billion in assets at the end of 2024 and has invested a total of $5.5 billion on behalf of UK pension funds and global institutions since its inception in 2011.
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