What is Terra-Gen?
Terra-Gen LLC stands as one of the largest independent renewable energy power producers in the United States. The company specializes in the comprehensive lifecycle of utility-scale renewable power projects, encompassing development, financing, and operation. Its core focus areas include wind, solar, and energy storage technologies, boasting a gross operating portfolio of 3.8GW of power generation and 5.1GWh of energy storage facilities. Primarily situated in California and Texas, Terra-Gen is committed to advancing energy security and mitigating climate change through the provision of affordable, clean energy solutions. Founded in 2007, the company is currently owned by Abu Dhabi Future Energy Company PJSC Masdar and Igneo Infrastructure Partners.
How much funding has Terra-Gen raised?
Terra-Gen has raised a total of $650M across 1 funding round:
Private Equity
$650M
Private Equity (2019): $650M with participation from ING Capital, Citibank, MUFG Bank, KeyBanc Capital Markets, Canadian Imperial Bank of Commerce, and Mizuho Bank
Key Investors in Terra-Gen
ING Capital
ING Capital, part of the Dutch multinational ING Group, is a significant financial institution specializing in a wide array of banking and financial services, including investment banking and wholesale banking, likely providing crucial financing for large-scale energy projects.
Citibank
Citigroup Inc., a leading global financial services company, offers extensive corporate and investment banking services, making it a key player in providing substantial capital for major infrastructure and energy ventures like those undertaken by Terra-Gen.
Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a major North American financial institution that provides comprehensive commercial banking and investment services, capable of supporting the significant financing needs of large-scale renewable energy developers.
What's next for Terra-Gen?
The recent major strategic investment into Terra-Gen signals a pivotal phase for the company, likely enabling further expansion of its utility-scale renewable energy infrastructure. With a strong foundation in wind, solar, and energy storage, this capital infusion is expected to fuel the development of new projects, enhance existing operations, and potentially explore new technological advancements in the clean energy space. The backing from established entities suggests a strategic alignment with broader goals of energy transition and sustainable development, positioning Terra-Gen for continued growth and influence in the renewable energy market.
See full Terra-Gen company page
