Stonepeak has debuted a land-aggregation platform dedicated to building a diversified portfolio of grid-connected sites to support the development of critical renewable-energy infrastructure across Europe.
Through the platform, dubbed JouleTerra, Stonepeak will acquire and lease land to renewable operators under long-term contracts, giving them access to land they would have otherwise had to procure and develop themselves through capital-intensive processes. Stonepeak intends to grow the platform through acquisitions of both existing platforms and undeveloped land, for which it will secure appropriate permitting and grid connections until the land becomes ready to build.
The firm’s two previously announced investments in Electric Land and Solaria’s Generia Land represent the platform’s inaugural transactions.
“While we continue to see surging demand for renewable-energy generation across Europe, the availability of grid-connected, development-ready land
