Partners Group Holding AG ( (CH:PGHN) ) has shared an update.
Partners Group has agreed to acquire a 1.9 GW portfolio of natural gas power plants in California, operated by Middle River Power, for USD 2.2 billion. This acquisition aligns with the firm’s strategy to enhance grid reliability and decarbonization through the development of Hybrid Energy Centers, leveraging battery energy storage systems. The transaction is expected to strengthen Partners Group’s position in the energy transition sector, offering long-term value creation opportunities and supporting California’s clean energy goals.
More about Partners Group Holding AG
Partners Group is a leading firm in the global private markets industry, managing over USD 150 billion in assets across private equity, private credit, infrastructure, real estate, and royalties. With a strong presence in the Americas and roots in Switzerland, the firm is known for its operationally oriented approach and its ability to transform businesses and assets into market leaders.
YTD Price Performance: 7.24%
Average Trading Volume: 58,367
Technical Sentiment Consensus Rating: Sell
Current Market Cap: CHF34.62B
For detailed information about PGHN stock, go to TipRanks’ Stock Analysis page.