North American Windpower: Asset Management Firm Partners With Former Wind Energy Execs To Create New Development Company

Asset Management Firm Partners With Former Wind Energy Execs To Create New Development Company

by NAW Staff on Wednesday 23 January 2013

Asset management firm Blackstone has formed a partnership with a team led by Pedro Barriuso, former executive chairman of Element Power and former head of Iberdrola Renewables, to create Fisterra Energy, a company owned by funds managed by Blackstone on behalf of its private equity investors.

Fisterra's primary focus will be to identify, develop, finance, construct and operate large-scale independent power projects in markets with capacity or transmission shortfalls, with a focus on Latin America, Europe and the Middle East.

The Fisterra team has collectively managed the development of more than 25 GW of new power projects over the past 15 years and has built more than 8 GW of power plant projects in more than 15 countries. The team combines management and technical capabilities covering all aspects of project development, project financing, long-term supply contracts, mergers and acquisitions, and the construction and operation of energy and infrastructure projects.

Latest Top Stories

Wind Consortium Deploys Nacelle-Mounted LIDAR At Offshore Site In Irish Sea

In an important development for performance verification for offshore wind sites, a group of companies have deployed a nacelle-mounted LIDAR at DONG Energy's 367 MW Walney Wind Farm.

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?