Castlelake, a global alternative investment manager specializing in asset-backed private credit, has partnered with Peregrine Energy Management to create a clean energy platform — Peregrine Energy Solutions.
Peregrine Energy Solutions is an integrated, multi-technology platform with a focus on utility-scale energy storage that will benefit from the financial resources of Castlelake and its affiliated investment funds. The Peregrine Platform will seek to source, develop, build and manage standalone battery-energy storage and renewable-energy assets across North America.
“As the power industry undergoes transformational trends, including what we think are favorable incentives for carbon-free power, accelerating renewable portfolio standards and rising commodity prices, we believe there is significant opportunity for asset owners to support the development of low-cost clean energy assets,” said Joe McConnell, partner and deputy co-CIO at Castlelake. “We believe th
