ArcLight Capital Partners announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest $500 million in AlphaGen, a power infrastructure portfolio managed by affiliates of ArcLight-managed funds. The deal, which is subject to regulatory approvals, is expected to close in the first half of 2025.

AlphaGen operates one of the largest independent power portfolios in the U.S., with over 11 gigawatts (GW) of assets located in key markets nationwide. These assets are poised to benefit from the growing demand for power driven by advancements in artificial intelligence (AI) and electrification.

ArcLight has managed more than 65 GW of assets and 47,000 miles of electric and gas transmission infrastructure since its inception in 2001. The company believes the partnership with ADIA will help unlock further growth and position AlphaGen to meet the rising energy needs of sectors like AI-driven data centers.

Angelo Acconcia, Partner at ArcLight, expressed excitement about expanding the relationship with ADIA, emphasizing the portfolio's potential to address the increasing demand for resilient, sustainable power infrastructure. Khadem AlRemeithi, Executive Director of the Infrastructure Department at ADIA, noted the long-standing partnership with ArcLight and the strategic importance of AlphaGen in meeting the future power needs of critical industries.

The investment aligns with the broader trends of AI, electrification, and the growing need for reliable power solutions.

Source: pulse2.com