EIG and Acwa Announce Plenum Power, a Strategic Partnership to Invest in U.S. Power Infrastructure
Thursday, October 29, 2026 · first reported by Yahoo Finance and 1 other
EIG and Acwa have signed definitive agreements to set up Plenum Power, a partnership that will invest in U.S. power infrastructure. The parties intend it to launch with initial equity commitments of about $4 billion. Acwa is listed in Saudi Arabia, and the two firms have worked together before on projects in the Middle East.
Plenum Power plans to grow through acquisitions and by developing new generation capacity. Its scope covers conventional and renewable power generation as well as energy storage. EIG brings investment, financing and platform-building experience, while Acwa contributes development and operating capabilities.
- Firm
- EIG
- Also named
- Acwa, Plenum Power
- Asset class
- Infrastructure
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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