Accelerate Real Asset Management has launched a new joint venture to invest in renewable-energy infrastructure. Activate Renewables will acquire real estate and royalty interests associated with utility-scale solar, wind and energy-storage facilities located across the United States.
Activate will be funded by an initial capital commitment of $500 million through a joint venture with an undisclosed institutional investor. Additional details of the transaction are not disclosed.
Activate will focus on the acquisition of real property interests directly from landowners and will also provide capital solutions for developers looking for a differentiated and low-cost source of financing. Activate holds a flexible mandate to invest across the life cycle of high-quality renewable energy projects and portfolios.
“We are excited to expand our successful investing blueprint into powering the new economy,” said Brennan Potts, CEO of Accelerate. “Activate is well posi
