Stonepeak has launched a dedicated land aggregation platform, JouleTerra, aimed at accelerating renewable energy infrastructure development across Europe. The platform will focus on assembling a portfolio of grid-connected, development-ready sites, enabling renewable operators to bypass the often capital-intensive and time-consuming process of land procurement, permitting, and grid access. 

Through JouleTerra, Stonepeak will acquire or lease land and secure long-term contracts with renewable energy developers, effectively derisking the front-end of the development process. The firm plans to expand the platform over time through acquisitions of both undeveloped land and existing platforms, taking on the permitting and interconnection responsibilities until assets are shovel ready. 

JouleTerra’s initial investments include Electric Land and Solaria’s Generia Land, both announced earlier this year.  

“While we continue to see surging demand for renewable energy generation across Europe, the availability of grid-connected, development-ready land able to support this infrastructure buildout continues to lag,” said Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak. JouleTerra aims to directly address this bottleneck. 

Stonepeak brings extensive experience in building and scaling energy platforms, having backed Peak Energy, Synera Renewable Energy, and TerraWind Renewables across Asia, and Madison Energy Investments in North America, which it fully exited in 2023. The firm also recently entered into strategic partnerships with The Arab Energy Fund (TAEF) and I Squared Capital to support energy and infrastructure development in the MENA region. 

NY-headquartered Stonepeak manages approximately $73 billion of infrastructure and real assets.