Igneo Infrastructure Partners has plans to acquire Indigo Generation, the owner of a 136-megawatt gas-fired simple-cycle electric peaking generation station located in North Palm Springs, Calif.
Igneo confirmed the project is being acquired from Diamond Generating but did not disclose financial details.
Indigo is Igneo’s third investment from its dedicated North American infrastructure strategy and Igneo’s inaugural investment in thermal electricity generation infrastructure in the United States. Its experience investing in the renewable power sector has been made through its existing portfolio companies Terra-Gen and Soltage.
“Peaking assets in the United States play a valuable role in providing grid reliability and firm dispatchable generation,” said John DiMarco, managing director at Igneo. “Indigo is ideally situated to capitalize on these trends while providing essential capacity to the local load area. We believe that there is a strong opportunit
