Partners Group Acquires PowerTransitions for USD 450 Million Investment

Partners Group, a leader in global private markets, has acquired PowerTransitions, a utility-scale power developer in the US. The acquisition, valued at over USD 450 million, aims to accelerate PowerTransitions' growth. The company specializes in transforming legacy thermal power assets through renewable energy additions, benefiting from rising US power demands due to data center expansion.

PowerTransitions intends to enhance its natural gas plants and a 3 GW pipeline of assets. The approach addresses US power demand growth by optimizing legacy sites, circumventing challenges of greenfield site development. The strategy supports cleaner, reliable energy without costly network upgrades.

Partners Group plans to work with PowerTransitions' experienced management team to implement a value creation strategy, including renewable co-location and additional thermal asset acquisition. The focus remains on meeting US power needs efficiently and economically.