Igneo Infrastructure Partners completes preferred equity investment in Pathway Power

Type: Investment · Technology: Hybrid · Country: United States · Capacity: 1 GW · Announced: 2026-06-10

Igneo Infrastructure Partners has completed a preferred equity investment in Pathway Power, a U.S. utility-scale renewable and storage development platform. This transaction supports Igneo's North American strategy by providing entry into a renewable generation development platform with a hybrid solar and storage pipeline. Pathway Power, founded in 2022, has assembled a portfolio of over 1 gigawatt of projects slated for construction in 2026-2027, alongside a broader pipeline of approximately 1,000 megawatts of early-stage hybrid interconnection positions. Key seed assets include Greenridge, a 150-megawatt solar plus 150-megawatt, 4-hour battery storage project in Texas, and Foxtrot, a 150-megawatt standalone 4-hour battery storage project in Arkansas, both expected to begin operations within the next two years.

Analysis

Igneo Infrastructure Partners has completed a preferred equity investment in Pathway Power, a U.S. utility-scale renewable and storage development platform, with a portfolio of over 1 gigawatt of projects slated for construction in 2026-2027. Pathway Power, founded in 2022, has key seed assets including Greenridge, a 150-megawatt solar plus 150-megawatt, 4-hour battery storage project in Texas, and Foxtrot, a 150-megawatt standalone 4-hour battery storage project in Arkansas. Igneo Infrastructure Partners has been involved in two data center deals in the United States, acting as an investor in an acquisition and as a buyer in a divestiture. The investment supports Igneo's North American strategy, with Pathway Power's projects expected to begin operations within the next two years, specifically in 2026-2027. The deal was announced on 2026-06-10, with the value not disclosed.

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