ConnectGen LLC
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ConnectGen LLC - overview
Established
2018
Location
Houston, TX, US
Primary Industry
Renewable Energy
About
ConnectGen LLC, based in the US, specializes in developing renewable energy projects, focusing on sustainable electricity generation through innovative solutions in wind and solar energy. ConnectGen LLC is a renewable energy firm that develops projects aimed at sustainable electricity generation. Founded in 2018 and headquartered in Houston, US, the company has undergone strategic pivots to enhance its operational capacity. Russell Liebowitz is the founder, and Caton Fenz is the current CEO.
The company has successfully closed two funding deals, with the most recent in September 2023, where Repsol S. A. acquired ConnectGen for USD 768 mn, marking a significant expansion of Repsol's onshore wind power platform. ConnectGen’s offerings include large-scale wind and solar energy projects, with operational capacity totaling 800 MW in the United States.
Their portfolio features the Frye Solar facility in Texas and the Rail Tie Wind project in Wyoming, targeting utility companies and large-scale consumers seeking reliable renewable energy solutions across states such as Texas, New Mexico, Illinois, and Wyoming. The company generates revenue through the development and operation of its renewable energy projects, primarily by selling electricity to utility companies and energy consumers. This includes long-term power purchase agreements (PPAs), which provide stability in revenue streams and align pricing with market rates. Collaborations within the energy sector further contribute to ConnectGen's financial strategy, enhancing its operational reach.
Following its acquisition by Repsol S. A. in September 2023 for USD 768 mn, ConnectGen aims to leverage this funding to enhance its capabilities in onshore wind power. The company plans to expand its operational portfolio significantly, aiming to exceed 3 GW of renewable energy capacity by 2027.
New projects are anticipated in emerging markets, targeting regions with favorable wind and solar resources to meet growing energy demands.
Current Investors
Quantum Capital Group
Primary Industry
Renewable Energy
Sub Industries
Solar Power, Wind Power
Website
www.connectgenllc.com
Verticals
Clean Technology
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
ConnectGen LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | ConnectGen LLC | - | ||||||||
| Buyout | Completed | ConnectGen LLC | - |
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