Funds managed by Vision Ridge Partners have acquired FortisTCI, the electricity utility company serving the Turks and Caicos Islands (TCI).
In connection with the ownership transition, FortisTCI has been rebranded Pelican Energy TCI, reflecting its renewed focus on building a more sustainable and resilient energy future for TCI.
Vision Ridge has a history of supporting a range of energy companies operating in different geographies, including wholesale power-supply companies, solar developers, energy efficiency and storage businesses, as well as thermal generation, waste-to-energy and renewable natural gas providers. Since its founding, Vision Ridge has invested in 26 companies across energy, transportation and agriculture, including 10 energy industry companies at various stages of development.
With the support of Vision Ridge, Pelican Energy TCI will continue to provide safe, reliable electricity service to its customers while seeking to improve its generation
