M&A Deal Summary

Stonepeak and Shizen Energy Acquire TerraWind Renewables

On March 25, 2024, infrastructure investor Stonepeak and Shizen Energy acquired renewable energy company TerraWind Renewables

Acquisition Highlights
  • This is Stonepeak’s 5th and Shizen Energy’s 1st transaction in the Renewable Energy sector.
  • This is Stonepeak’s 1st and Shizen Energy’s 1st transaction in Japan.

M&A Deal Summary

Date 2024-03-25
Target TerraWind Renewables
Sector Renewable Energy
Buyer(s) Stonepeak
Shizen Energy
Deal Type Joint Venture

Target

TerraWind Renewables

Tokyo, Japan
TerraWind Renewables is an onshore wind developer and IPP covering the APAC region. The company focused on developing and operating onshore wind energy projects. TerraWind Renewables was founded in 2024 and is based in Tokyo, Japan.

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Buyer(S) 2

Buyer

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 73.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 38 of 44
Sector: Renewable Energy M&A 5 of 5
Type: Joint Venture M&A Deals 3 of 3
Country: Japan M&A 1 of 1
Year: 2024 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-22 Textainer

Hamilton, Bermuda

Textainer is a lessor of intermodal containers with more than 4 million TEU in its managed fleet. The company's fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. Textainer also leases tank containers through its relationship with Trifleet Leasing and is a supplier of containers to the U.S. Military. In addition to selling older containers, it buys older containers from shipping line customers for trading and resale. Textainer was founded in 1979 and is based in Hamilton, Bermuda.

Buy $7.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 WTG

Midland, Texas, United States

WTG provides comprehensive midstream services including wellhead gathering, intra-basin transportation, and processing services. WTG is based in Midland, Texas.

Sell $3.3B
Buyer

Shizen Energy

Fukuoka, Japan

Category Company
Founded 2011
Sector Renewable Energy
DESCRIPTION

Shizen Energy focuses on the development, financing, and management of renewable energy power plants. The Company’s wind power-focused business segment has operated for almost ten years under the stewardship of a highly experienced management team with a proven track record of developing and constructing onshore wind assets. Shizen Energy was founded in 2011 and is based in Fukuoka, Japan. ,


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2024 M&A 1 of 1