Pantheon Infrastructure has announced it has committed to invest around $55 million in U.S. renewable energy platform Terra-Gen.
The London-based infrastructure investment trust explained the investment is being done via a co-investment managed by global infrastructure investment manager Igneo Infrastructure Partners and is seen being funded via its existing cash reserves.
The investment trust said Terra-Gen develops, constructs and operates utility-scale solar, wind and battery storage infrastructure to support the decarbonization and electrification of the U.S. power grid.
Pantheon noted Tera-Gen currently operates around 4 gigawatts of capacity, with the “vast majority” contracted with “investment-grade offtakers under long-term power purchase agreements.” It added that it also has a pipeline of around 16 gigawatts worth of projects.
