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ConnectGen focuses on the development, construction, and operation of utility-scale renewable energy and energy storage projects across North America, harnessing wind, solar, and storage technologies to deliver clean power. Its product is the full lifecycle management of renewable projects, from planning and permitting to construction and ongoing operation, with revenue from selling electricity under long-term contracts to utilities and corporate clients. The company differentiates itself by offering end-to-end development coupled with active landowner and community engagement, aligning projects with local economic development and long-term energy contracts. ConnectGen’s goal is to provide reliable, cost-effective clean energy while helping customers meet sustainability targets and contributing to local economic growth.
Industries
Energy
Company Size
11-50
Company Stage
Acquired
Total Funding
$768M
Headquarters
Houston, Texas
Founded
2018
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Total Funding
$768M
Above
Industry Average
Funded Over
1 Rounds
Repsol today agreed to acquire the renewable energy platform ConnectGen, with a 20,000 MW pipeline and development capabilities, for $768 million (c.€715 million) from Quantum Capital Group, a provider of capital to the global energy and energy transition industries.
Spanish oil giant Repsol on Thursday said it had entered the US onshore wind market by agreeing to acquire the renewable energy platform ConnectGen for $768m (€715m) from Houston-based Quantum Capital Group.
Repsol joins the ConnectGen team with valuable knowledge of the US business and industry, which will contribute to its successful growth.
Spain's energy firm Repsol said on Thursday that it has reached an agreement to buy United States renewable energy developer ConnectGEN for $768 mln.
Markets category Repsol enters U.S. onshore wind market with $768 mln ConnectGen buy Repsol said it had entered the U.S. onshore wind market by buying renewable energy developer ConnectGen for $768 million, expanding its presence in a country the Spanish energy firm sees as a key market.
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Industries
Energy
Company Size
11-50
Company Stage
Acquired
Total Funding
$768M
Headquarters
Houston, Texas
Founded
2018
Find jobs on Simplify and start your career today