News

NEW YORK, Dec. 29, 2020 /PRNewswire/ — Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, today announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP’s fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP® RE/ES business will continue to be led by its existing investment team. READ MORE >

SAN FRANCISCO—(BUSINESS WIRE)—Able Grid Energy Solutions (Able Grid), a leading developer of battery energy storage projects throughout the U.S., along with its development and operating partners MAP® Energy (MAP®) and Astral Electricity (Astral), today announced that full notice to proceed has been issued on the Chisholm Grid battery energy storage system located in Fort Worth, Texas. Chisholm Grid will have an initial rated capacity of 100 megawatts (MWac) and is scheduled to begin commercial operations in mid-2021. Mortenson is the balance of plant (BOP) and battery installation contractor for the Chisholm Grid facility, which is Mortenson’s ninth energy storage project.  READ MORE >