Private Equity’s Bid For Prime Energy Land
The post Private Equity’s Bid For Prime Energy Land appeared on BitcoinEthereumNews.com. WHITEWATER, CALIFORNIA – DECEMBER 05 : Wind turbines produce energy at Whitewater Energy’s Wind … More Turbine Farm, December 5, 1997 in Whitewater, California near Palm Springs. (Photo by Getty Images/Bob Riha, Jr.) Getty Images Private equity is quietly becoming one of the most potent forces in the future of clean energy—not just by financing solar panels and wind turbines but also by owning the land beneath them. These strategic moves could reshape how fast renewable power is deployed, who controls it, and whether communities benefit equitably. TPG Global’s potential $2.34 billion acquisition of Altus Power marks just one of many high-profile deals this year. Stoa SA and EDF Brasil Holding are also vying for Geração Céu Azul SA, a Brazilian hydroelectric operator. Meanwhile, Brookfield Asset Management recently bought French renewables company Neoen for $7 billion, and Energy Capital Partners acquired Atlantica Sustainable Infrastructure for $2.6 billion. KKR has bid $3 billion for Germany’s Encavis. “Wind and solar generation require at least 10 times as much land per unit of power produced than coal- or natural gas-fired power plants, including land disturbed to produce and transport the fossil fuels,” writes Samantha Gross, director of energy and climate for the Brookings Institution. “Additionally, wind and solar generation are located where the resource availability is best instead of where is most convenient for people and infrastructure, since their ‘fuel’ can’t be transported like fossil fuels.” S&P Global said private equity and venture capital transactions in the global renewable energy sector hit nearly $15 billion in 2023, or 104 deals. Given the influx of artificial intelligence data centers, these ventures are critical as the global economy’s appetite for electricity will spike. Specifically, wind and solar are 17% of the U.S. energy mix and about 13% of the worldwide portfolio. China is the biggest…
The post Private Equity’s Bid For Prime Energy Land appeared on BitcoinEthereumNews.com.
WHITEWATER, CALIFORNIA – DECEMBER 05 : Wind turbines produce energy at Whitewater Energy’s Wind … More Turbine Farm, December 5, 1997 in Whitewater, California near Palm Springs. (Photo by Getty Images/Bob Riha, Jr.) Getty Images Private equity is quietly becoming one of the most potent forces in the future of clean energy—not just by financing solar panels and wind turbines but also by owning the land beneath them. These strategic moves could reshape how fast renewable power is deployed, who controls it, and whether communities benefit equitably. TPG Global’s potential $2.34 billion acquisition of Altus Power marks just one of many high-profile deals this year. Stoa SA and EDF Brasil Holding are also vying for Geração Céu Azul SA, a Brazilian hydroelectric operator. Meanwhile, Brookfield Asset Management recently bought French renewables company Neoen for $7 billion, and Energy Capital Partners acquired Atlantica Sustainable Infrastructure for $2.6 billion. KKR has bid $3 billion for Germany’s Encavis. “Wind and solar generation require at least 10 times as much land per unit of power produced than coal- or natural gas-fired power plants, including land disturbed to produce and transport the fossil fuels,” writes Samantha Gross, director of energy and climate for the Brookings Institution. “Additionally, wind and solar generation are located where the resource availability is best instead of where is most convenient for people and infrastructure, since their ‘fuel’ can’t be transported like fossil fuels.” S&P Global said private equity and venture capital transactions in the global renewable energy sector hit nearly $15 billion in 2023, or 104 deals. Given the influx of artificial intelligence data centers, these ventures are critical as the global economy’s appetite for electricity will spike. Specifically, wind and solar are 17% of the U.S. energy mix and about 13% of the worldwide portfolio. China is the biggest…
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