Stonepeak completed the acquisition of a minority stake in Generia Land from Solaria.

Stonepeak, an alternative investment firm, completed the acquisition of a minority stake in Generia Land, a company dedicated to sourcing, acquiring, and leasing land in Europe to renewable energy projects, including solar, wind, and battery storage, from Solaria, a company in infrastructure, power generation and data centers in Europe. Financial terms were not disclosed. “The European energy market is in the midst of an incredible transformation, with renewable generation capacity expected to more than double between 2020 and 2030, and securing land is undoubtedly an essential role in this transition. We view land aggregation as an attractive and downside-protected segment of the value chain, given its propensity for long-term, inflation-linked revenues, with limited power price exposure," Anthony Borreca, Stonepeak Senior Managing Director and Co-Head of Energy.