Stonepeak Launches JouleTerra Platform; Invests in Electric Land and Solaria's Generia Land

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

October 1, 2024

Energy

Abu Dhabi Future Energy Company PJSC (Masdar) has closed the acquisition of a 50% stake in Terra‑Gen Power Holdings II, LLC from Energy Capital Partners, with Igneo Infrastructure Partners retaining the remaining 50%. The deal strengthens Masdar’s U.S. platform—Terra‑Gen operates ~3.8 GW of wind, solar and battery storage (5.1 GWh) across ~30 sites and has a 12+ GW pipeline—supporting Masdar’s U.S. expansion and broader 100 GW global target by 2030.

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.

Stonepeak Provides Equity Commitment to Longview Infrastructure

March 28, 2025

Infrastructure

Stonepeak has provided an equity commitment to Longview Infrastructure, a newly formed electric transmission development and investment platform, to support the origination, development, construction, and operation of transmission projects across the United States. The partnership aims to scale transmission capacity to meet rising electricity demand and renewable integration; Sidley Austin advised Stonepeak and Vinson & Elkins advised Longview.

ERA Partners Acquires Majority Stake in GeoTility Systems Corp.

February 9, 2026

Renewable Energy

ERA Partners LLC announced a majority equity investment in GeoTility Systems Corp., a Kelowna, British Columbia–based geoexchange utility provider that offers heating-and-cooling-as-a-service (HCaaS) and full design-build geoexchange solutions. The investment is intended to accelerate GeoTility’s expansion across Canada and the United States, scaling its portfolio (more than 1,000 HCaaS systems) and expanding deployments to residential, multi-family, commercial, and industrial real estate.

EQT Active Core Infrastructure Acquires Majority Stake in Tion Renewables

March 24, 2023

Energy

EQT Active Core Infrastructure, through Boè TopCo GmbH & Co. KG and its Hopper BidCo GmbH vehicle, has agreed to acquire a majority stake (82.1% aggregate interest via agreements) in Germany-headquartered renewable energy producer Tion Renewables AG from Pelion Green Future Alpha GmbH. The transaction values Tion at a base equity value of €150 million and is intended to support the company’s growth into a leading platform for solar, wind and battery storage projects across Europe.

StayTerra (backed by Garnett Station Partners) Invests in Moving Mountains

May 15, 2025

Restaurants & Hospitality

StayTerra, a vacation rental collection backed by Garnett Station Partners, has made an investment in Moving Mountains, a luxury vacation rental and property management company operating in the Colorado Rockies. Moving Mountains will join the StayTerra collection and receive growth capital, technology and service capabilities to scale its luxury property and yacht charter offerings while retaining its brand and leadership.