Stonepeak has launched WahajPeak, its first renewable energy platform in the Middle East. The platform will invest in the development of utility-scale solar, wind, and battery energy storage storage (BESS) projects across the Gulf Cooperation Council as well as the Middle East region. Furthermore, the platform aims to align with regional policy initiatives focusing on decarbonisation, energy diversification, and grid modernisation.
Stonepeak is an investment firm specialising in infrastructure and real assets with approximately $76.3 billion assets under management. The company has previously created renewable-focused platforms in Asia, North America, and Europe. Through these platforms and other company-backed investments, Stonepeak currently has 10.4 GW of renewable energy capacity in operation, under construction, or in development, across the wind, solar, and battery energy storage segments.
In April 2025, Stonepeak and CHC’s energy storage platform secured 20-year fixed revenue contracts for five BESS projects with a total capacity of 348 MW in Japan’s long-term decarbonisation auction. Other examples of Stonepeak’s platforms include Stonepeak’s Asia Energy Storage Platform, Peak Energy, and Synera Renewable Energy in Asia, Madison Energy Investments for distributed solar generation assets and Longview Infrastructure for transmission development in North America, and JouleTerra, a European renewables land aggregation platform.
REGlobal’s Views: Middle East and North Africa has emerged as a hotspot for renewable energy investments owing to the vast renewable energy potential, ample land, proximity to important trade routes and supportive policy environment. The region has attracted major energy giants like TotalEnergies, Engie, Masdar and others not only for renewable energy development but also for green hydrogen development.
