This year's report finds that global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables - clear signals of a growing mismatch between current trends and the paths to meeting the Paris Agreement and other sustainable development goals. Marathon Capital has been awarded the "Best Renewable Asset M&A Advisor" for four years (2013, 2014, 2016 & 2017), as well as "Renewable Generating Project Finance Deal of the Year" (2016) in Power Finance & Risk's Annual Deals & Firms Awards. Recurrent Energy is an independent power producer and a leading developer of distributed solar photovoltaic (“PV”) projects for utilities, government and commercial customers. In a release today, First State Investments (FSI), a leading global investor in infrastructure, and Energy Capital Partners (ECP), a leading power and renewables private equity investor, announced that FSI is acquiring a 40% stake in Terra-Gen from ECP. Riders must download the Lyft mobile app to their iOS or Android-based phone, sign up, enter a valid phone number, and enter a valid form of payment. Goldwind International Holdings (HK) Ltd. Closed more than 50 renewable energy transactions in the past five years. Citi and PJ Solomon served as financial advisors to ECP, with Latham & Watkins LLP acting as lead transaction counsel. © ThinkGeoEnergy ehf. It develops, markets and operates the Lyft car transportation mobile app. © 2020 Marathon Capital, LLC. Terra-Gen and its subsidiaries are responsible for the operation of over 1,600 MWs of renewable projects. FSI is an experienced owner of transport and utility businesses across the U.S., Australia, New Zealand, UK and Europe. Sydney-based First State Investments, known as First Sentier Investors in Australia, is a global asset manager with approximately US$148 billion managed on behalf of investors worldwide as of June 30, 2020. Sitemap, How the US and China can seal the energy deal of the century, Partners Group Invests in Greenlink Interconnector, Eagle Creek Renewable Energy to be sold to Ontario Power Generation. Terra-Gen’s portfolio spans more than 30 generating facilities located primarily in California, with additional locations in Colorado, Minnesota, Nevada, New York, Texas and Wyoming.
FSI is a member of the Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly owned subsidiary of Tokyo-based Mitsubishi UFJ Financial Group, Inc. (MUFG). Private equity investment firms First State Investments (FSI) and Energy Capital Partners (ECP) acquired a 40% stake in Terra-Gen, a renewable energy operator with power generation assets in the U.S. and geothermal facilities in Nevada.
Terra-Gen, LLC is a renewable energy company focused on developing, owning, and operating utility-scale wind, solar, energy storage and geothermal generation assets. Adenium has successfully financed and constructed large scale solar projects in Japan. Passengers can then request a ride from a nearby driver. It develops, markets and operates the Lyft car transportation mobile app. Terms were not disclosed. Terra-Gen operates two geothermal plants in the State of Nevada, the Dixie Valley facility with a power generation capacity of 67 MW and Beowave with a generation capacity of 17.7 MW (details via Terra-Gen). After the ride is over, the rider is given the opportunity to provide a gratuity to the driver, which is also billed to the rider’s payment method.
All rights reserved. Drivers and passengers can add personal information to their profiles about their hometown, music preferences, and other details to encourage drivers and passengers to converse during the ride. FSI is a leading manager of infrastructure investments with more than US$8 billion in unlisted infrastructure equity investments and has been actively investing in long life infrastructure businesses since 1994. For more information, visit www.terra-gen.com. The firms expect to complete the transaction in the fourth quarter of 2020 or early 2021, subject to regulatory approvals. The company currently operates more than 1,600 MW of facilities and has more than 3,000 MWs of projects under advanced development. The projects are jointly owned alongside developer Adenium Energy Capital (“Adenium”).
“We are excited to partner with ECP and the management team to help execute Terra-Gen’s business plan.”, “California is undergoing a transformation of its power generation resources from a majority of natural gas plants to renewables and battery storage, driven by ambitious energy and environmental policy initiatives,” said Jim Pagano, CEO of Terra-Gen. “As a leading infrastructure investor, FSI is committed to working with us to help realize Terra-Gen’s growth opportunities.”, “Since our initial investment in Terra-Gen, ECP has more than doubled the company’s operating footprint while investing meaningful resources to cultivate its next phase of growth,” said Schuyler Coppedge, ECP partner. Private equity investment firms First State Investments (FSI) and Energy Capital Partners (ECP) acquired a 40% stake in Terra-Gen, a renewable energy operator with power generation assets in the U.S. and geothermal facilities in Nevada. In November 2010, Hudson sold the company to Sharp Energy Corporation of Japan. For more information, visit www.firststateinvestments.com.
Closed more than 50 renewable energy transactions in the past five years Marathon Capital is a leading advisor and investment banker to investors, developers, owners and operators in the energy & infrastructure markets, having closed more than 50 energy transactions in the past five years. Hudson seeks to leverage the team’s considerable expertise, experience and network to target investments with attractive risk adjusted returns. Terra-Gen, based in New York, develops, constructs, and operates utility-scale wind, solar, energy storage, and geothermal electrical generation facilities throughout the United States. Marathon Capital Advises Tenaska on Expanded Strategic Relationship with Capital Dynamics to Develop Energy Storage in California, Marathon Capital Advises Middle River Power on Sale of California Solar Project. The ECP team, comprised of 57 people with 500 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 60 transactions over the last 10 years, representing more than $45 billion of enterprise value.
Hudson provided a commitment to acquire up to 40% of the developer’s initial 66.8MW portfolio of solar projects through a partnership vehicle. Terra-Gen was established in August 2007 and acquired by ECP in 2015. The distributed power business is characterized by the consolidated ownership of a distributed portfolio of sub-utility scale generation assets where the PPAs and feed-in tariffs provide high visibility revenue streams that are contracted for 15 – 20 years. “Terra-Gen has a strong, established and diverse platform of renewable energy assets, along with a demonstrated track record of developing and operating projects in California and other attractive markets,” said John Ma, head of FSI’s direct infrastructure team in North America. Recurrent Energy is an independent power producer and a leading developer of distributed solar photovoltaic (“PV”) projects for utilities, government and commercial customers. Our investments in sustainable technologies focus on those with unique offerings, and have a clear connection to Hudson’s core focus on sustainability, whether in clean energy, resource efficiency or related sectors. We specialize in investments in companies that develop or own power generation and associated assets and in companies in various segments of the clean energy value chain. Lyft is an on-demand transportation company based in San Francisco, California. The company primarily sells the output of the renewable energy projects to utilities and power cooperatives under long-term power purchase agreements. “We’re excited to collaborate with a like-minded partner in FSI to provide Terra-Gen with the resources and support to continue its track record of renewable market leadership.”. All rights reserved. If Infigen's shareholders sign off on Iberdrola's $856 million bid, just five of the top 20 renewable energy developers will be owned and operated by Australian companies.
Energy Capital Partners, founded in 2005, is a North American-focused investor across both equity and credit infrastructure assets, including natural gas power generation, renewables and storage solutions, environmental infrastructure and midstream, emphasizing the transition to clean energy while avoiding the more volatile energy subsectors like exploration and production.
Investment in RNG Production Facilities by: Subscribe to receive updates on the latest news and developments in the industry. Marathon Capital, LLC (“Marathon Capital”) has been named M&A Adviser of the…, Marathon Capital is pleased to serve as exclusive financial advisor to Tenaska…, CHICAGO, IL – August 19, 2020 – Marathon Capital, LLC (“Marathon”) has…, Investment in Heelstone Energy Holdings, LLC by Ares Management. Brookfield Renewable Partners (NYSE:BEP) is one of the world's largest publicly traded renewable energy companies. The portfolio consists of 3 solar PV project sites at various stages of development. About Recurrent Energy.
To gauge investor confidence on the impacts of market and policy changes, the American Council on Renewable Energy (ACORE) polled senior-level respondents across the … Marathon Capital is a leading advisor and investment banker to investors, developers, owners and operators in the energy & infrastructure markets, having closed more than 50 energy transactions in the past five years. Marathon Capital has been named M&A Adviser of the Year in Power Finance & Risk’s 17th Annual Deals and Firms of the Year Awards. The majority of our renewable infrastructure project investments are made during the construction and operation phases of renewable power generation plants. 2020, Beowave geothermal plant of Terra-Gen, Nevada (source: Great Basin Center for Geothermal Energy), Mature asset base with diverse portfolio of renewable technologies, Large wind portfolio with long operating history and incumbent locations in, Operating and advanced stage development battery storage projects poised to capitalize on, Strong contracted revenue base, with opportunity for additional value-added contracting, Scalable platform and robust near-term growth pipeline, Highly experienced management team with successful track record.
Lyft is an on-demand transportation company based in San Francisco, California. The distributed power business is characterized by the consolidated ownership of a distributed portfolio of sub-utility scale generation assets where the PPAs and feed-in tariffs provide high visibility revenue … Macquarie Capital served as financial advisor to FSI, with Mayer Brown LLP as lead transaction counsel. Hudson focuses its investment strategy on sustainability and resource efficiency, creating tailored investment products for investors’ varied needs for yield, growth, duration and exposure to different geographies and technologies. Once confirmed, the app shows the driver’s name, ratings by past passengers, and photos of the driver and car. The acquisition is the third direct infrastructure investment in the U.S. by FSI, which manages more than US$8 billion of unlisted infrastructure investments globally with a focus on mid-market companies in the transportation, utility and renewables sectors worldwide. MetLife Investment Management (MIM) plans to make $20 billion of green investments - mostly green buildings and renewable energy - over the next decade. All Rights Reserved.