Dealflow | April 5, 2021

Energy Capital Partners closes $1.2 billion Continuation Fund to finance Terra-Gen

Amy Cortese
ImpactAlpha Editor

Amy Cortese

ImpactAlpha, April, 5 – ECP will use the funds to repurchase a 50% stake in New York-based Terra-Gen that it had sold to another of its funds. Terra-Gen operates more than 1,600 megawatts of wind, solar, and geothermal facilities in the U.S. and has 3,000 megawatts of projects underway, including the Edwards & Sanborn solar-plus-storage project in Kern County, Calif.

Blackstone Strategic Partners led the round. Goldman Sachs, Partners Group Holding and Hamilton Lane joined existing investors in the the fund.