Igneo Infrastructure Partners Announce Closing of Indigo Acquisition

NEW YORK, February 3rd: Igneo Infrastructure Partners ("Igneo") today announced that it has completed its acquisition of Indigo Generation LLC ("Indigo"), owner of a 136 MW gas fired, simple cycle electric peaking generation station located in North Palm Springs, California. The transaction follows the satisfaction of all customary closing conditions.

With the closing complete, Igneo and its operating partner Meridian Clean Energy ("Meridian") will advance further investment in the project. Meridian Clean Energy is an experienced energy services company specializing in the development and management of utility scale electricity generation assets, bringing operational expertise and development capabilities to the project.

"The closing of this transaction represents an important step for Igneo as we continue to leverage our energy infrastructure investment expertise in North America," said John DiMarco, Managing Director at Igneo. "We appreciate the cooperation of all parties involved, including the seller, Diamond Generating, and look forward to working with Meridian as we transition Indigo into its next phase of ownership and operations."

Igneo was advised by National Bank Financial Inc. as financial advisor and Vinson & Elkins LLP as transaction counsel.