Pantheon Infra plans $55m investment in US-based Terra-Gen

(Sharecast News) - Pantheon Infrastructure said it was investing $55m (£41m) in US-based renewable energy platform Terra-Gen through a co-investment vehicle managed by Igneo Infrastructure Partners.

Terra-Gen develops, builds and operates utility-scale solar, wind and battery storage infrastructure to support the electrification and decarbonisation of the US power grid, Pantheon said on Monday.

The platform currently operates approximately 4 GW of capacity, the majority of which is contracted under long-term power purchase agreements, providing stable, inflation-linked cash flows. it added. Terra-Gen also has a pipeline of approximately 16 GW of projects.

Terra-Gen operates primarily in California, with development projects across Texas and New York.

Reporting by Frank Prenesti for Sharecast.com

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