ArcLight launches new renewables platform targeting Americas

Solar panels by iamme ubeyou.

December 21 (Renewables Now) - Energy infrastructure investor ArcLight Capital Partners LLC has launched a new platform that is focused on the development and operation of renewable energy plants in North America, Central America and the Caribbean.

The platform, called Infinigen Renewables, will benefit from a capital commitment of USD 400 million (EUR 355.3m). It starts with two recently acquired solar photovoltaic (PV) plants in Puerto Rico totalling 73.2 MW, and multiple development opportunities.

"Over its 20-year history, ArcLight has invested over USD 4 billion in 5 GW of renewable assets, and this transaction is testament to our continued commitment to enabling decarbonization and sustainability,” commented Dan Revers, ArcLight's managing partner and founder.

In the past, ArcLight invested in the platforms Leeward Renewable Energy, Terra-Gen Power and Great River Hydro. Leeward was eventually acquired by Omers Infrastructure Management Inc in 2018 and is no longer affiliated with ArcLight.

(USD 1.0 = EUR 0.888)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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