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Industries
Energy
Social Impact
Company Size
11-50
Company Stage
Acquired
Total Funding
N/A
Headquarters
Houston, Texas
Founded
2018
ConnectGen develops, constructs, and operates large-scale renewable energy and energy storage projects in North America, focusing on wind and solar technologies. Their projects provide sustainable energy solutions to utility companies and corporate clients, helping them transition to renewable sources and reduce their carbon footprint. ConnectGen's business model covers the entire project lifecycle, from planning to operation, generating revenue through long-term electricity sales. They differentiate themselves by collaborating with landowners and local communities, offering competitive compensation and stimulating local economies. The goal of ConnectGen is to deliver reliable, clean energy alternatives while fostering economic development and sustainability.
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Total Funding
$0
Below
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.
Repsol joins the ConnectGen team with valuable knowledge of the US business and industry, which will contribute to its successful growth.
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.
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
Social Impact
Company Size
11-50
Company Stage
Acquired
Total Funding
N/A
Headquarters
Houston, Texas
Founded
2018
Find jobs on Simplify and start your career today