, APAC
Photo by Tom Swinnen from Pexels.

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.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.