Masdar Acquires 50% Stake in Terra‑Gen from Energy Capital Partners

Masdar Acquires 70% of TERNA ENERGY

November 28, 2024

Renewable Energy

Abu Dhabi Future Energy Company PJSC (Masdar) has completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA from GEK TERNA SA and other shareholders at €20 per share, valuing TERNA ENERGY at an enterprise value of €3.2 billion. Masdar will seek regulatory approval to launch an all-cash mandatory tender offer for the remaining shares and plans to scale TERNA ENERGY's renewable capacity to 6 GW by 2029 as part of a broader push to expand its European platform.

First State Investments Acquires 40% Stake in Terra‑Gen from Energy Capital Partners

August 27, 2020

Renewable Energy

First State Investments (FSI) has agreed to acquire a 40% stake in renewable-energy developer and operator Terra‑Gen from Energy Capital Partners (ECP); terms were not disclosed and the deal is expected to close in Q4 2020 or early 2021 subject to regulatory approvals. Terra‑Gen, headquartered in New York, owns and operates utility-scale wind, solar, energy storage and geothermal assets (over 1,600 MW operating and more than 3,000 MW under advanced development); FSI said the investment will help execute the company’s growth plan.

Mars Equity Partners Makes Strategic Investment in NewGen Energy (A2B Development)

December 21, 2022

Renewable Energy

Mars Equity Partners made a strategic (growth) investment in A2B Development (dba NewGen Energy) on December 21, 2022. Generational Equity advised NewGen Energy; the investment will help scale the Loomis, California-based alternative energy provider that offers solar PV, energy storage and backup power solutions for agricultural, commercial/industrial and residential customers.

Madison Energy Infrastructure Acquires NextEra Energy Resources' Distributed Generation Platform

October 2, 2025

Energy

Madison Energy Infrastructure completed the acquisition of NextEra Energy Resources' distributed generation development platform, including operating solar and energy storage assets, a development pipeline and customers across 25 states. The deal brings Madison's ecosystem to nearly 1 GW of operating clean energy infrastructure and expands its commercial and community customer footprint while leveraging recent financing and support from EQT and other capital partners.

Ara Partners Acquires Genera Energy Inc.

June 22, 2022

Packaging

Ara Partners, a private equity firm focused on industrial decarbonization, has acquired Genera Energy Inc., a U.S.-based manufacturer of non-wood agricultural pulp and molded fiber packaging. Ara committed up to an additional $200 million to expand Genera's manufacturing footprint and capacity in the U.S.; Genera's previous owners (WindSail Capital Group, Coppermine Capital and Stairway Capital) will retain minority stakes.

Energy Capital Partners Acquires Majority Interest in PROENERGY

September 5, 2024

Energy

Energy Capital Partners (ECP) has acquired a majority interest in PROENERGY Holdings, a vertically integrated aeroderivative gas turbine platform with a 2.4 GW fleet of contracted peakers and global turbine services. The transaction (terms not disclosed) transfers control from affiliates of Eos Partners and ACON Investments to ECP, which will support PROENERGY's platform expansion, growth initiatives, and continued operations under existing leadership.