Stonepeak Announces WahajPeak: New Middle East Renewables Platform
Funding | Aug 18, 2025 | Stonepeak
Stonepeak, a prominent alternative investment firm specializing in infrastructure and real assets, has announced the launch of WahajPeak, its first renewable energy platform in the Middle East. This platform aims to develop utility-scale renewable energy projects, including solar, wind, and battery storage, across the Gulf Cooperation Council and the broader Middle East. The platform is strategically positioned to capitalize on favorable regional policies focused on decarbonization and energy diversification. Leading WahajPeak will be Mothana Qteishat, a seasoned renewable energy executive with over 17 years of experience. He will direct a team with over a century of collective expertise in the sector. The initiative aligns with the broader goal of deploying approximately 175 GW of renewable capacity in the region by 2030. Stonepeak's local presence in Abu Dhabi and Riyadh, alongside its partnership with The Arab Energy Fund, illustrates its commitment to the Middle East. The firm brings significant experience in building and scaling pan-regional platforms. Stonepeak's background includes successful renewable projects in Asia, North America, and Europe, making it well-equipped to support the Middle East's energy transition. With $76.3 billion in assets under management, Stonepeak is dedicated to fostering growth across its portfolio, emphasizing downside protection and robust risk-adjusted returns.
Sectors
- Renewable Energy
- Infrastructure Investment
Geography
- Middle East – WahajPeak is focused on renewable energy projects across the Gulf Cooperation Council and broader Middle East.
- United States – Stonepeak, the investment firm launching WahajPeak, is headquartered in New York, USA.
- Abu Dhabi – Stonepeak has established a presence in Abu Dhabi, which plays a crucial role in its Middle East strategy.
- Riyadh – Riyadh is another key location for Stonepeak's operations in the Middle East, strengthening its local presence.
Industry
- Renewable Energy – The article is centered around the launch of WahajPeak, a new platform dedicated to investing in renewable energy projects such as solar, wind, and battery storage in the Middle East.
- Infrastructure Investment – Stonepeak specializes in infrastructure and real assets, and the WahajPeak platform aims to build and develop renewable energy infrastructure in the Middle East.
Financials
- 10.4 GW – Total renewable energy capacity in operations, under construction, or in development supported by Stonepeak across wind, solar, and battery energy storage systems.
- $76.3 billion – Assets under management by Stonepeak.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stonepeak | Private Equity Firm | Company | An alternative investment firm specializing in infrastructure and real assets with approximately $76.3 billion of assets under management. |
| WahajPeak | Renewable Energy Platform | Company | Stonepeak's inaugural renewable energy platform in the Middle East dedicated to utility-scale projects. |
| Mothana Qteishat | Head of WahajPeak | Person | Former Vice President at Jinko Power, bringing 17 years of experience in the Middle East's renewable energy sector. |
| The Arab Energy Fund | Strategic Partner | Company | Partnering with Stonepeak to enhance its influence and capabilities in the Middle East energy sector. |