Stonepeak invests in APAC onshore energy wind platform

It will hold 80% in TerraWind Renewables.

Alternative investment firm Stonepeak acquired an 80% interest in TerraWind Renewables, an onshore wind energy platform focused on developing projects in Japan and Asia Pacific (APAC).

In a statement, Stonepeak said Japan-based renewable energy firm Shizen Energy will retain the remaining 20% stake in the business.

“As the need for renewable and reliable energy in Asia continues to grow, we have seen energy transition efforts accelerate across the region. TerraWind will seek to address that growing demand through the strategic expansion of Shizen Energy’s onshore wind portfolio,” said Ryan Chua, Senior Managing Director at Stonepeak.

ALSO READ: China leads global wind turbine orders to a record high in 2023

“With a strong existing business, secured, long-term contracts, and a robust pipeline, we are confident in both TerraWind’s potential and fit as part of our global renewables strategy,” Chua added.

The onshore wind platform has 30 MW of assents in Japan that are in late-stage development, and a pipeline of over 300 MW across APAC.

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