EGCO Group completes acquisition of 49% stake in Pinnacle IV 339 MW US renewables portfolio

Type: Acquisition · Technology: Hybrid · Country: United States · Capacity: 339 MW · Announced: 2026-09-25

EGCO Group completed the acquisition of a 49% stake in the 339 MW Pinnacle IV renewables portfolio on 25 September 2026 through its wholly owned subsidiary EGCO Pinnacle IV, LLC. The portfolio includes the operational 189 MW Timbermill Wind facility in North Carolina and the 150 MW Coldwater Solar facility in Michigan, serving the PJM and MISO markets. Both assets have long-term power and environmental attribute offtake arrangements with investment-grade counterparties, and EGCO will recognise cash flows and its share of profits from the closing date. The acquisition increases EGCO's renewable energy equity capacity to 1,785 MW and represents an expansion of its U.S. holdings alongside existing investments in Apex Clean Energy, Pinnacle II, Linden Cogen, and the Compass Portfolio. The deal supports EGCO's POWER4 strategy to grow international green energy assets, particularly in the U.S., driven by rising electricity demand from data centers and AI-related industries.

Analysis

EGCO Group, through its subsidiary EGCO Pinnacle IV, LLC, acquired a 49% stake in the 339 MW Pinnacle IV renewables portfolio on 25 September 2026, which includes the 189 MW Timbermill Wind facility in North Carolina and the 150 MW Coldwater Solar facility in Michigan. Apex Clean Energy, the seller, develops and operates utility‑scale wind, solar and storage assets and currently manages a 12 GW portfolio across more than 20 U.S. states. The acquired assets serve the PJM and MISO markets and have long‑term power and environmental attribute offtake agreements with investment‑grade counterparties. EGCO will recognise cash flows and its share of profits from the closing date, and the transaction raises EGCO’s renewable equity capacity to 1,785 MW.

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