At a time when the U.S. renewables market is tilting increasingly toward solar, offshore wind and battery storage, newly launched developer Triple Oak Power is going old-school with a bet on the future of onshore wind.
Triple Oak, based in Portland, Oregon and co-founded by former Avangrid Renewables executives, announced Tuesday that it has secured a capital commitment from EnCap Investments L.P., a Houston-based private-equity firm that has historically focused on fossil fuels. The details were not disclosed.
