trending Market Intelligence /marketintelligence/en/news-insights/trending/8y1tyddfog4uqiacytwaqw2 content esgSubNav
In This List

Investment firm Fengate buys Texas solar portfolio from PowerFin Partners

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Investment firm Fengate buys Texas solar portfolio from PowerFin Partners

Canada-based Fengate Real Asset Investments committed to a $100 million equity investment in PowerFin Partners and acquired a 9.1-MWdc portfolio of operating solar projects in Texas from the partnership.

The solar projects are located in Austin and San Antonio and have 20- to 25-year power purchase agreements with highly rated counterparties, according to a June 11 news release.

The private equity firm, which specializes in real assets, said it will exclusively invest in the partnership's solar projects over multiple years.

"This investment will build and provide clean, reliable sources of energy, in partnership with one of the most experienced power developers and operators in Texas, and provide stable long-term cash flows for our investors," said Greg Calhoun, director for infrastructure US at Fengate.