Photovoltaic-based solar utility firm Sequel Power has struck a strategic alliance with infrastructure private equity firm Table Rock Capital (TRC). Financial terms of the agreement were not released. The alliance was formed to develop several utility-scale projects in Sequel Power’s pipeline.
Sequel Power has more than a dozen active projects in various stages of developing solar utilities in six different countries. TRC, which has financed, developed and managed more than 200 large-scale energy projects, is focusing initially on Sequel Power’s projects in the Americas. TRC invests in brownfield, rehabilitative brownfield and greenfield assets in the transportation, social infrastructure, water and waste treatment, energy, and communications sectors.