Private Equity Investment in the Global Clean Economy

In June 2022, GE Energy Financial Services acquired a 49% stake in the 148.5MW Morjar onshore wind project from Continuum Green Energy in Gujarat, India for an undisclosed sum. The transaction marks GE Energy Financial Services’ first onshore wind equity investment in Gujarat through a structured preferred equity solution

In September 2020, 1.2GW Hydro Asset was acquired by Greenko Group, via its financial sponsors EIG Global Energy Partners, GE Energy Financial Services, Government of Singapore Investment Corporation (GIC) and The Abu Dhabi Investment Authority, through an LBO for an undisclosed sum

In September 2019, E.ON secured over $200 million in tax equity financing to repower its Panther Creek I and Panther Creek II Wind Farms in Texas. GE Energy Financial Services underwrote and committed a portion of the tax equity which enabled E.ON to significantly increase the lifespan of the combined 258MW sites

In July 2019, GE Energy Financial Services and LongWing Energy S.C.A. reached financial close on a $150 million debt financing package for the first phase of the Zaporizhia Wind Farm, in the Zaporizhia region in southeast Ukraine. The phase one 98MW project is expected to produce over 330,000MWh of clean energy per year and power approximately 170,000 households

In June 2019, GE Energy Financial Services reached financial close on a €90 million project financing package with a German banking consortium and two European export credit agencies for the construction of phase II of a wind farm in the southern region of Zaporizhia, Ukraine. The project is owned by DTEK Renewables. It is part of DTEK’s two-phase process to build a 200MW wind farm in Ukraine

In October 2018, Orange Renewable, a developer of renewable energy projects was acquired by Greenko Group, via its financial sponsors TPG Growth, GIC Private, GE Energy Financial Services, EIG Global Energy Partners and Abu Dhabi Investment Authority, through a $300 million LBO

In April 2018, GE Energy Financial Services secured $150 million project financing to refinance and expand the Los Guindos open-cycle thermoelectric power plant in central Chile. The expansion of the power plant will nearly double its overall capacity from 139MW to approximately 275MW

In January 2018, GE Energy Financial Services committed to provide over $190 million of tax equity financing to the 200MW first stage of the 365MW Persimmon wind farm project in Oklahoma. GE Energy Financial Services also served as bookrunner, administrative agent and lender for $252 million of credit facilities

In January 2018, GE Energy Financial Services provided tax equity financing for the repowering of the combined capacity 136MW Sweetwater 1 & 2 wind farms in Nolan County, Texas. The wind farms are owned by Leeward Renewable Energy, LLC