Climate Adaptive Infrastructure and Meridian Energy to acquire a 25% stake in Sentinel Energy Center from Partners Group.

Climate Adaptive Infrastructure, an investment firm, and Meridian Energy, a power project owner and developer enabling a decarbonized future energy system, agreed to acquire a 25% stake in Sentinel Energy Center, an 850 MW peaking power plant in Riverside California, from Partners Group, a private equity firm. Financial terms were not disclosed. “We are delighted to initiate our strategic partnership with Meridian Clean Energy and to acquire a significant interest in Sentinel, a key to the ongoing decarbonization of the Southern California energy market. Together with the Meridian team and our partners at Sentinel, we plan to demonstrate how natural gas dependent peakers can be decarbonized, while contributing to the energy security of large, complex utility grids. We look forward to collaborating with Meridian to replicate this program in other markets, driven by utility demand for decarbonized grid-stabilization capacity,” Bill Green, CAI Founder and Managing Partner.