Triple Oak Power — 8 GW onshore wind development platform focused on central and western US markets
ECP acquires preeminent US wind development platform from EnCap. Portfolio of 8+ GW predominantly utility-scale wind opportunities in central and western US. Co-sellers include Yorktown Partners and Mercuria Energy. [Pricing backfilled from LBNL Utility-Scale Solar 2025 dataset (CC-BY 4.0): EIA ID 63940, levelized 2024$/MWh.]
$500M
Deal Value
8,000MW
Capacity
Wind
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- EnCap Investments
- Buyer / Financier
- Energy Capital Partners
- Deal Value
- $500M-$750M
- Stage
- Development
- ISO/RTO
- MISO, SPP, WECC
- Source
- Energy Capital Partners
Service Providers
Advisory & Legal
- Seller Financial Advisor
- Marathon Capital
- Seller Counsel
- Sidley Austin
- Buyer Counsel
- Latham & Watkins
Related Deals
Calpine Corporation — large IPP gas + geothermal fleet
Energy Capital Partners + Access Industries + CPPIB consortium
$5.6B equity / $17B EV
Broad Reach Power — 21 GW utility-scale solar + storage portfolio across MT, CA, WY, TX (350 MW BESS operating; 880 MW under construction; 1.7 GW pipeline)
EnCap Investments (with co-investors Yorktown Partners + Mercuria Energy retained 50%) → Apollo Funds (Apollo Global Management)
Undisclosed (plus up to $400M co-equity commitment)
50% stake in 862 MW Ørsted US onshore portfolio — Lincoln Land Wind 302 MW (IL), Plum Creek Wind 230 MW (NE), Willow Creek Wind 103 MW (SD), Muscle Shoals Solar 227 MW (AL)
Ørsted → Energy Capital Partners (ECP) / TIAA Renewable Power Fund Plus
~$410M
Infinity Renewables — 8+ GW US wind development pipeline (24 projects in 8 states)
ENGIE North America
8,000 MW
Lincoln Clean Energy — 513 MW operating + 300 MW UC + 1.5 GW pipeline US onshore wind
Ørsted
$580M EV
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.