CPP acquiring AlphaGen stake
Canada Pension Plan Investment Board is investing US$1bn for a minority position in ArcLight Capital Partners' AlphaGen, the operator of more than 11GW of power assets across the US. The investment is expected to close in the first half of 2026.
Canada Pension Plan Investment Board is investing US$1bn for a minority position in ArcLight Capital Partners' AlphaGen, the operator of more than 11GW of power assets across the US. The investment is expected to close in the first half of 2026.
ArcLight has owned, controlled or operated more than 70GW of assets and 47,000 miles of electric and gas transmission infrastructure representing approximately US$80bn. The company is working to deliver customised, large-scale power infrastructure to support AI and data centre demand, particularly in markets like Pennsylvania, Ohio and other parts of the PJM Interconnection market. ArcLight formed AlphaGen to manage a power project portfolio with nearly US$2bn in annual revenues. It now manages projects across four RTO markets – PJM, NYISO, ISONE and CAISO – and oversees IPPs Eastern Generation, Generation Bridge and Parkway Generation. Abu Dhabi Investment Authority recently agreed to make a US$500m minority investment in AlphaGen.
