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Stonepeak, a prominent alternative investment firm with $73 billion in assets under management, has introduced JouleTerra, a strategic land aggregation platform designed to facilitate renewable energy development across Europe. The initiative addresses a critical bottleneck in the continent’s energy transition by acquiring and leasing grid-connected land to renewable operators under long-term agreements, thereby streamlining the capital-intensive process of site procurement and development.
The land aggregation platform’s inaugural transactions include investments in Electric Land and Solaria’s Generia Land, marking the beginning of what Stonepeak envisions as a scalable portfolio of development-ready properties. By securing permits and grid connections for undeveloped land, JouleTerra aims to bridge the gap between Europe’s growing demand for renewable energy and the limited availability of viable sites.
This approach builds on Stonepeak’s established track record in renewable infrastructure, evidenced by similar platforms in Asia and North America.
Image Credit: Tsvetomira Tsanova
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