US-based infrastructure investor Stonepeak launched a new platform for developing renewable energy projects across MENA, named WahajPeak, according to a statement. The investor, which boasts over USD 76 bn in AUM, tapped Jinko Power’s former vice president Mothana Qteishat to lead the platform, which will target utility-scale solar, wind, and battery storage projects, with a focus on the Gulf.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The launch comes after Stonepeak’s USD 1 bn agreement in May with the Arab Energy Fund to back energy infrastructure projects across the region. Stonepeak also opened offices in Abu Dhabi and Riyadh in the past two years as the firm expanded its presence.

Stonepeak has rolled out similar renewables-focused platforms in North America, Asia, and Europe and currently has 10.4 GW of capacity in operation or development across solar, wind, and battery storage systems, the statement adds.

REMEMBER- Our region is on track to triple its renewable energy capacity to 150 GW by 2030.

Tags: