Triple Oak Power (TOP) has announced its formation, as well as underlying capital commitment from EnCap Investments, an equity capital provider to the independent sector of the U.S. energy industry.
Yorktown Partners, an energy-focused private equity firm, Mercuria Energy and TOP management will also invest in the company by providing additional growth capital.
Headquartered in Portland, TOP will focus on developing onshore wind and other competitive carbon-free power to accelerate the U.S. transition to renewable energy and help shape a more diverse, reliable and sustainable power grid. TOP’s root strategy lies in filling the gap between early stage volatility in the development process to delivering the certainty of shovel-ready, utility-scale wind facilities.
“Initially we’ll target markets with demonstrated momentum toward clean energy, including those supported by renewable energy standards or where economics are attractive to the expanding customer d
