Eolian
- Members
Since 2005, Eolian has been an innovative investor in energy projects, including the invention of the renewable energy royalty structure that has now become an industry standard. In contrast to many firms that raise capital with short-term buy and sell strategies, Eolian and its partners have long-term views of 30+ years. This allows for a unique perspective on energy investing and an alignment with the long-term generation planning perspective of utilities, independent power producers and power market operators.
Activities
|
Portland General Electric’s 400 MW Battery Energy Storage Project | |
| Portland General Electric (PGE) has launched the largest battery storage project in Oregon, adding 400 MW of non-emitting capacity across two locations to bolster clean energy reliability and support the state’s transition to renewable power. These battery storage facilities, located in Seaside and Troutdale, will provide enough energy to power approximately 260,000 homes for up to four hours during peak demand, directly supporting PGE’s carbon reduction goals. The Seaside facility, developed by Eolian, and the Troutdale facility, owned by NextEra Energy Resources, are anticipated to go online by 2025 and 2024, respectively. This project enhances grid flexibility and resilience, positioning PGE to integrate more renewable sources like wind and solar into its portfolio while reducing greenhouse gas emissions in alignment with Oregon's clean energy targets. | ||
Details
Financially Backed by Global Infrastructure Partners (GIP)
Eolian, L.P. is a portfolio company of Global Infrastructure Partners (GIP), a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets infrastructure businesses and assets in energy, transportation, digital, water and waste sectors where they believe their expertise and relationships provide a competitive advantage. GIP has grown to be one of the world’s largest infrastructure investors and currently manages $115 billion in assets on behalf of its global investor base. The companies in GIP’s equity portfolios have combined annual revenues greater than $80 billion and employ approximately 116,000 people. Visit https://www.global-infra.com/ to learn more.