Stonepeak, an international company specialising in infrastructure and real asset investment, has unveiled the launch of JouleTerra, a land aggregation platform designed to build a diversified portfolio of grid-connected sites across Europe. The stated goal is to facilitate the development of renewable energy infrastructure by improving access to strategic locations, which have often been difficult for operators to secure.
A new approach to energy land management
With JouleTerra, Stonepeak proposes to acquire and lease land to renewable energy operators through long-term contracts. This approach aims to simplify access to land and limit capital expenditure for operators, who previously had to purchase the land themselves and handle all administrative and technical procedures required to commission projects. The platform will gradually expand through the acquisition of already equipped sites, as well as undeveloped land for which permits and grid connections will be obtained until the sites are ready for construction.
Investments in Electric Land and Solaria’s Generia Land represent JouleTerra’s first transactions. These operations reflect Stonepeak’s intent to quickly anchor the platform in the European energy landscape, at a time when demand for renewable power generation continues to grow. The lack of immediately grid-connectable land has long been an obstacle to developing new capacity—an issue JouleTerra aims to address.
European expansion and sector diversification
Stonepeak’s management has highlighted that JouleTerra represents a unique opportunity, with few comparable initiatives currently existing on the continent. The company relies on its expertise in building platforms and its networks to broaden the reach of this model, notably through the acquisition of new companies and raw land. Examples of similar platforms developed by Stonepeak internationally include Peak Energy, Synera Renewable Energy, and TerraWind Renewables in Asia, as well as Madison Energy Investments in the United States.
At the same time, Stonepeak is pursuing diversified projects, such as Lestari Cooling Energy, a joint venture in Malaysia focused on urban cooling infrastructure, and Longview Infrastructure, a North American platform centred on electricity transmission. This portfolio illustrates Stonepeak’s multi-sector investment strategy across energy and infrastructure markets.
According to Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak, “JouleTerra will broaden the availability of strategic land for the entire renewables value chain in Europe.” He believes this new platform addresses a structural shortfall and positions Stonepeak within a rapidly expanding segment of the European energy market.
