Stonepeak has launched WahajPeak, its first renewable energy platform in the Middle East. The platform will invest in the development of utility-scale solar, wind, and battery energy storage system (BESS) projects across the Gulf Cooperation Council as well as the Middle East region. Furthermore, the platform aims to align with regional policy initiatives focusing on decarbonisation, energy diversification, and grid modernisation.
Stonepeak is an investment firm specialising in infrastructure and real assets with approximately $76.3 billion assets under management. The company has previously created renewable-focused platforms in Asia, North America, and Europe. Through these platforms and other company-backed investments, Stonepeak currently has 10.4 GW of renewable energy capacity in operation, under construction, or in development, across the wind, solar, and battery energy storage segments.
In April 2025, Stonepeak and CHC’s energy storage platform secured 20-year fixed revenue contracts for five BESS projects with a total capacity of 348 MW in Japan’s long-term decarbonisation auction.
