ADQ, an active sovereign investor focusing on critical infrastructure and global supply chains, and Energy Capital Partners (ECP), the largest private owner of power generation and renewables in the United States, have agreed to form a 50-50 partnership in new build power generation and energy infrastructure.
The cooperation intends to meet the expanding power demands of data centers, hyperscale cloud providers, and other energy-intensive enterprises. Because the continuity and quality of power supply is critical for these fast-growing businesses, nearby captive power plants are frequently required. The alliance is committed to satisfying these long-term demands, with a mission that includes greenfield development, new construction, and expansion opportunities that will position it as a leader in power generation for a booming American economy.
The partnership’s primary geographic focus for the initiatives will be the United States. A part of the funds may also be dedicated to opportunities in certain other overseas markets. The partners intend to make more than $25 billion in capital investments across 25 GW of projects. The aggregate first capital investment from the partners is estimated to be $5 billion.
Also Read:
How Canada’s Prime Minister was Formerly Britain’s Top Banker
