Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has launched WahajPeak, its first renewable energy platform in the Middle East. WahajPeak will invest in utility-scale renewable energy projects, including solar, wind, and battery storage, across the Gulf Cooperation Council and beyond.
Led by Mothana Qteishat, a former Vice President at Jinko Power and a veteran with 17 years of experience in the sector, the platform aims to leverage favorable regional policies focused on decarbonization and energy diversification.
Stonepeak has a history of creating successful energy platforms, such as the Asia Energy Storage Platform and Madison Energy Investments in North America. Recently, it also launched JouleTerra and Longview Infrastructure. Overall, Stonepeak currently manages 10.4 GW of renewable energy across various stages, including operational, under construction, and in development.
KEY QUOTES:
“Governments across the Middle East and North Africa are targeting the deployment of approximately 175 GW of renewable energy capacity by 2030, creating a rapidly growing need for reliable, utility-scale infrastructure. With the WahajPeak team’s strong execution track record and Stonepeak’s deep experience in renewable energy investment and platform building, we are well-positioned to meet this demand. We’ve designed WahajPeak to scale and adapt over time, in step with the region’s evolving energy landscape, and we are excited to work closely with our stakeholders to seize the significant opportunities ahead.”
Mothana Qteishat
“Stonepeak has solidified its presence in the Middle East through dedicated boots on the ground in Riyadh and Abu Dhabi, and our previously announced partnership with The Arab Energy Fund. With the establishment of WahajPeak, we are furthering our commitment to the region. We look forward to leveraging our local presence and significant experience building and scaling pan-regional platforms as we work with Mothana and team to grow WahajPeak.”
Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak
“WahajPeak is a great example of Stonepeak’s approach to platform creation—combining exceptional talent with long-term capital, and our sector capabilities and network, to deliver essential infrastructure—making it a natural fit for our global renewables strategy. We have the utmost confidence in Mothana and the WahajPeak team, whose extensive experience and expertise in the region will be invaluable as we look to support the region’s energy transformation.”
Ryan Chua, Senior Managing Director at Stonepeak
