AIP Management has inked an agreement to acquire a 49.99 per cent equity stake in Pine Forest. This project from Clearway Energy Group consists of a 300 MWac solar photovoltaic system and a 200 MW/400 MWh battery energy storage system. The total investment for the project is around $ 200 million.
Furthermore, this project is located in the ERCOT North market region. It offers access to a low-congestion, high-voltage transmission network and proximity to densely populated load centres in Dallas and Fort Worth. The project is currently under construction and is expected to commence operations later in the fourth quarter of 2025. Additionally, Clearway Energy Group will retain the remaining 50.01 per cent stake in the project.
AIP Management is an infrastructure investment manager specialising in investments that facilitate the energy transition across Europe and North America. It has invested over €7 billion in energy transition assets across Europe and the US. These assets are expected to generate renewable energy with a capacity of approximately 7 GW once operational.
