22nd Jun 2026 09:11
(Alliance News) - Pantheon Infrastructure PLC on Monday said it has committed to invest around USD55 million in US renewable energy platform, Tera-Gen LLC.
The London-based infrastructure investment trust explained the investment is being done via a co-investment managed by global infrastructure investment manager Igneo Infrastructure Partners, and is seen being funded via its existing cash reserves.
The investment trust said Terra-Gen develops, constructs and operates utility-scale solar, wind and battery storage infrastructure to support the decarbonisation and electrification of the US power grid.
Pantheon noted Tera-Gen currently operates around 4 gigawatts of capacity, with the "vast majority" contracted with "investment-grade offtakers under long-term power purchase agreements". It added that it also has a pipeline of around 16 gigawatts worth of projects.
Shares in Pantheon Infrastructure were up 1.7% at 118.00 pence on Monday morning in London.
"Terra-Gen is a compelling addition to PINT's portfolio. The asset combines a large, predominantly contracted operating base with an extensive development pipeline, offering strong downside protection through long-term, inflation-linked cash flows and significant capital growth potential," says Richard Sem, Partner at Pantheon, the company's investment manager.
"We are pleased to be partnering with Igneo on this transaction and look forward to working with them and the Terra-Gen management team to support the business through its next phase of growth."
By Christopher Ward, Alliance News reporter
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