Terra-Gen

Terra-Gen is an independent power producer in the United States, focused on the development, construction, and operation of utility-scale renewable energy projects. Established in August 2007, the company is managed by an executive team with extensive experience in the power industry, averaging over 25 years in the field. The firm is led by CEO Jim Pagano, who brought over two decades of experience from roles at LS Power Development, Caithness Energy, and Cogentrix Energy when he joined.

The company's business model is centered on an end-to-end approach, managing projects from initial development and financing to long-term operation. Terra-Gen generates revenue primarily by selling the output from its facilities to utilities and power cooperatives under long-term power purchase agreements. Its client base consists of utility companies and other large-scale energy purchasers. The company operates within the North American renewable energy market, with a significant presence in California and Texas, and additional locations in states like New York.

Terra-Gen's portfolio includes wind, solar, geothermal, and energy storage assets. As of late 2024, its operating portfolio had a gross capacity of 3.8 GW of power and 5.1 GWh of energy storage across more than 30 sites. The company has a substantial development pipeline exceeding 12 GW of new wind, solar, and battery storage projects. A key area of focus for the company has been integrating battery storage with its renewable generation, particularly in California, to address the intermittency of wind and solar power. One of its notable projects is the Edwards Sanborn Solar + Storage facility, one of the largest projects of its kind.

Originally acquired by Energy Capital Partners (ECP) in 2015, Terra-Gen has seen significant ownership changes. In 2020, Igneo Infrastructure Partners (formerly First State Investments) acquired a stake, and as of 2024, the company is jointly owned by Igneo and Abu Dhabi's Masdar, following Masdar's acquisition of ECP's stake.

Keywords: renewable energy producer, utility-scale solar, wind power generation, energy storage solutions, geothermal power, independent power producer, project development, power purchase agreements, California energy market, Texas renewable energy, battery storage projects, renewable energy financing, solar and storage, grid-scale batteries, clean energy infrastructure, North American renewables, renewable asset management, renewable project operation, energy transition, utility contracts