Stonepeak Launches European Renewable Land Aggregation Platform JouleTerra
Through JouleTerra, Stonepeak will acquire and lease land to renewable operators under long-term contracts, allowing them access to land they would have otherwise had to procure and develop themselves through capital-intensive processes. Stonepeak intends to grow the Platform over time through acquisitions of both existing platforms and undeveloped land, for which it will secure appropriate permitting and grid connections until the land becomes ready-to-build. The firm's two previously announced investments in Electric Land and Solaria's Generia Land represent the Platform's inaugural transactions.
Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak, said, 'While we continue to see surging demand for renewable energy generation across Europe, the availability of grid-connected, development-ready land able to support this infrastructure buildout continues to lag. Through JouleTerra, we are excited to broaden the availability of this critical resource, leveraging our extensive expertise in platform building and renewable energy investing to effectively support the renewables value chain.'
He added, 'JouleTerra represents a compelling, first-mover opportunity for Stonepeak as platforms of this nature backed by a global network such as ours do not yet exist in Europe at scale. We look forward to expanding the Platform and playing a meaningful role in the development of critical energy transformation-related infrastructure in Europe over the long-term.'
Stonepeak has significant experience building and scaling platforms to support global energy transformation, employing an all of the above approach to investing in energy infrastructure. Select examples include Peak Energy, Synera Renewable Energy, and TerraWind Renewables, which are all dedicated to the development, ownership, and operation of renewable assets in Asia. Stonepeak has also supported the development and operation of distributed solar generation assets in North America through its platform Madison Energy Investments, which the firm fully realized in 2023. The two most recent platforms Stonepeak has launched are Lestari Cooling Energy, the firm's joint venture with KJTS in Malaysia which will be dedicated to developing and investing in district cooling facilities in Southeast Asia, and Longview Infrastructure, a North American transmission development and investment platform.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Politico
11 hours ago
- Politico
Trump issues order imposing new global tariff rates effective Aug. 7
According to the text of the first order, the Trump administration is maintaining its 10 percent so-called baseline tariff on countries where the U.S. has a trade surplus — i.e. it sells more American products to those countries than it imports from them. And it officially imposes the 15 percent rate that Trump agreed to set as part of negotiations with leading trading partners like the European Union, Japan and South Korea. The Philippines, Vietnam and Indonesia also reached tentative agreements with the administration that set their duties at 19-20 percent. Other countries, mainly smaller economies, face far higher rates, topping out at 41 percent for Syria, which is emerging from a civil war, and 40 percent for Myanmar, which is still in the midst of one. The Southeast Asian nation of Laos also faces a 40 percent tariff, and Iraq will be hit with a 35 percent duty. Bigger trading partners like Switzerland also face a significant tariff hike — to 39 percent. Trump also signed a second order raising tariffs on Canada, one of the country's biggest trading partners, from 25 to 35 percent for goods that are not compliant with an existing North American trade deal known as the U.S.-Mexico-Canada Agreement. The senior official told reporters that Canada hasn't 'shown the same level of constructiveness that we've seen from the Mexican side.' Trump announced earlier Thursday that he was maintaining the 25 percent tariff on Mexico for another 90 days after a phone call with their president, Claudia Sheinbaum. Higher tariffs on Canada take effect Friday. The executive actions suggests that Trump decided to punish countries that he did not believe offered enough concessions since the president first threatened to impose his 'reciprocal' tariffs on April 2. 'Some trading partners have agreed to, or are on the verge of agreeing to, meaningful trade and security commitments with the United States, thus signaling their sincere intentions to permanently remedy the trade barriers,' the global order says. 'Other trading partners, despite having engaged in negotiations, have offered terms that, in my judgment, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters,' 'There are also some trading partners that have failed to engage in negotiations with the United States or to take adequate steps to align sufficiently with the United States on economic and national security matters,' it continues. White House officials said Thursday night that they expect to strike additional agreements with countries ahead of the new Aug. 7 implementation date for the tariffs. 'We have some deals, and I don't want to get ahead of the president on those deals,' the senior administration official told reporters. 'I'll just say generally, we have more to come.' Taiwan is hoping to be one of those countries. The semiconductor powerhouse faces a 20 percent tariff in a week's time, but in a statement released late Thursday, Taiwanese President Lai Ching-te suggested the rate was 'provisional.' 'Due to the procedural arrangement of the negotiations, the Taiwan-U.S. sides have not yet concluded the final meeting. Therefore, the U.S. has temporarily announced a 20% tariff rate for Taiwan,' President Lai said. 'Once an agreement is reached in the future, there is hope that the tariff rate can be further lowered. Both sides will also continue negotiations on supply chain cooperation and issues related to Section 232 tariffs.'
Business Wire
18 hours ago
- Business Wire
LINEAGE INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Lineage, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead the Lineage Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)-- Robbins Geller Rudman & Dowd LLP announces that purchasers of Lineage, Inc. (NASDAQ: LINE) common stock in or traceable to the registration statement used in connection with Lineage's July 2024 initial public offering (the 'IPO'), have until September 30, 2025 to seek appointment as lead plaintiff of the Lineage class action lawsuit. Captioned City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., No. 25-cv-12383 (E.D. Mich.), the Lineage class action lawsuit charges Lineage and certain of its top executives, directors, IPO underwriters, and IPO sponsor with violations of the Securities Act of 1933. If you suffered substantial losses and wish to serve as lead plaintiff of the Lineage class action lawsuit, please provide your information here: CASE ALLEGATIONS: Lineage is a Maryland REIT focused on temperature-controlled cold-storage facilities. In the July 2024 IPO, Lineage sold over 65 million shares of Lineage common stock to investors at $78 per share, raising more than $5 billion in gross offering proceeds. The Lineage class action lawsuit alleges that the registration statement was false and/or misleading and/or failed to disclose that: (i) Lineage was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, Lineage's customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and Lineage's customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends; (ii) Lineage had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing Lineage; (iii) Lineage was unable to effectively counteract the adverse trends listed above through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages; (iv) as a result, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represented in the registration statement, Lineage was in fact suffering from stagnant or falling revenue, occupancy rates, and rent prices; and (v) consequently, Lineage's financial results, business operations, and prospects were materially impaired. Since the IPO, the price of Lineage stock has fallen to lows near $40 per share. The price of Lineage stock has remained substantially below the IPO price at the time of the filing of the complaint. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. You can view a copy of the complaint by clicking here. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Lineage common stock in or traceable to the registration statement issued in connection with Lineage's IPO to seek appointment as lead plaintiff in the Lineage class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Lineage class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Lineage class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Lineage class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
Business Wire
21 hours ago
- Business Wire
General American Investors Files Certified Shareholder Report for Period Ended June 30, 2025
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2025. The Form N-CSR contains the Company's June 30, 2025 Semi-Annual Report and is available at the SEC's website: and the Company's website: The Semi-Annual Report is expected to be mailed to stockholders shortly. The Semi-Annual Report indicates that as of or for the six months ended: * After a distribution of $4.07 per share from net long-term capital gains and a dividend of $0.43 per share paid in December 2024 and a distribution of $0.25 per share from long-term capital gains paid in March 2025. Expand The largest stock holdings in the Company's portfolio as of June 30, 2025, included: Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon.
