A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has plans to make a $500 million minority investment in AlphaGen, a power infrastructure portfolio owned by affiliates of ArcLight Capital Partners.
The portfolio is one of the largest independent power portfolios in the United States, with more than 11 gigawatts of critical power assets located in strategic markets across the country that stand to benefit from accelerating power demand.
“This transaction presented an opportunity to expand our existing relationship with ArcLight, which has a long history of successfully investing in power infrastructure and is well positioned through this portfolio to provide the reliable electricity required by AI data centers and local industries.” said Khadem AlRemeithi, executive director of the infrastructure department at ADIA.
The converging investment megatrends of AI-driven data center development and electrification are creating unprecedented po
