{"id":1,"date":"2021-03-23T09:00:00","date_gmt":"2021-03-23T09:00:00","guid":{"rendered":"https:\/\/mojave.gold\/terra-gen\/?p=1"},"modified":"2023-06-06T19:07:15","modified_gmt":"2023-06-06T19:07:15","slug":"media-1","status":"publish","type":"post","link":"https:\/\/mojave.gold\/terra-gen\/media-1\/","title":{"rendered":"Energy Capital Partners and First Sentier Investors are Terra-Gen&#8217;s financial sponsors"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1\" class=\"elementor elementor-1\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f6f6953 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"f6f6953\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8e4cafa\" data-id=\"8e4cafa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a8cf50 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"3a8cf50\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Energy Capital Partners & First Sentier Investors are Terra-Gen's financial sponsors<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63b1091 elementor-reverse-tablet elementor-reverse-mobile elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"63b1091\" data-element_type=\"section\" data-settings=\"{&quot;shape_divider_top_negative&quot;:&quot;yes&quot;,&quot;shape_divider_top&quot;:&quot;curve-asymmetrical&quot;,&quot;background_background&quot;:&quot;slideshow&quot;,&quot;shape_divider_bottom&quot;:&quot;curve-asymmetrical&quot;,&quot;shape_divider_bottom_negative&quot;:&quot;yes&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" data-negative=\"true\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M615.2,96.7C240.2,97.8,0,18.9,0,0v100h1000V0C1000,19.2,989.8,96,615.2,96.7z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" data-negative=\"true\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M615.2,96.7C240.2,97.8,0,18.9,0,0v100h1000V0C1000,19.2,989.8,96,615.2,96.7z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e828bda\" data-id=\"e828bda\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e7cd6df elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"e7cd6df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>On December 31, 2020, Terra-Gen\u2019s equity owner, ECP, a private equity and credit investor focused on power generation, renewable, environmental and sustainability investments, closed on a 40% sale of its interest in the company to funds managed by First Sentier Investors (\u201cFSI\u201d), a global asset manager based in Australia that manages direct infrastructure investments across multiple sectors. In February 2021, and in accordance with a contractual right to purchase incremental interests, FSI entered into an agreement to acquire an additional 10% of Terra-Gen. This incremental acquisition will increase FSI\u2019s stake in Terra-Gen to 50%. Immediately following the announcement of the initial FSI transaction in August 2020, ECP launched fundraising for a new ECP-managed vehicle (the \u201cContinuation Fund\u201d) to acquire the remaining interest in Terra-Gen, which will be done through a structured secondary transaction. In February 2021, the Continuation Fund entered into an agreement to acquire ECP\u2019s current 50% stake in Terra-Gen. Both transactions (the upsize in FSI\u2019s equity purchase as well as the Continuation Fund\u2019s acquisition of the remaining 50% of Terra-Gen) are expected to close on or around March 31, 2021.<\/p>\n<p>With the FSI and ECP Continuation Fund transactions, Terra-Gen will now have access to the necessary capital support to fund the company\u2019s ambitious growth program, including solar + storage projects.<\/p>\n<p>On December 31, 2020, Terra-Gen\u2019s equity owner, ECP, a private equity and credit investor focused on power generation, renewable, environmental and sustainability investments, closed on a 40% sale of its interest in the company to funds managed by First Sentier Investors (\u201cFSI\u201d), a global asset manager based in Australia that manages direct infrastructure investments across multiple sectors. In February 2021, and in accordance with a contractual right to purchase incremental interests, FSI entered into an agreement to acquire an additional 10% of Terra-Gen. This incremental acquisition will increase FSI\u2019s stake in Terra-Gen to 50%.<\/p>\n<p>Immediately following the announcement of the initial FSI transaction in August 2020, ECP launched fundraising for a new ECP-managed vehicle (the \u201cContinuation Fund\u201d) to acquire the remaining interest in Terra-Gen, which will be done through a structured secondary transaction. In February 2021, the Continuation Fund entered into an agreement to acquire ECP\u2019s current 50% stake in Terra-Gen. Both transactions (the upsize in FSI\u2019s equity purchase as well as the Continuation Fund\u2019s acquisition of the remaining 50% of Terra-Gen) are expected to close on or around March 31, 2021.<\/p>\n<p>With the FSI and ECP Continuation Fund transactions, Terra-Gen will now have access to the necessary capital support to fund the company\u2019s ambitious growth program, including solar + storage projects.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Energy Capital Partners &#038; First Sentier Investors are Terra-Gen&#8217;s financial sponsors On December 31, 2020, Terra-Gen\u2019s equity owner, ECP, a private equity and credit investor focused on power generation, renewable, environmental and sustainability investments, closed on a 40% sale of its interest in the company to funds managed by First Sentier Investors (\u201cFSI\u201d), a global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[4],"tags":[],"class_list":["post-1","post","type-post","status-publish","format-standard","hentry","category-media-room"],"_links":{"self":[{"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/posts\/1","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/comments?post=1"}],"version-history":[{"count":0,"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/posts\/1\/revisions"}],"wp:attachment":[{"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/media?parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/categories?post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mojave.gold\/terra-gen\/wp-json\/wp\/v2\/tags?post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}