Table Rock to partner with solar developer

The San Francisco-based infrastructure investment firm will partner with developer Sequel Power on photovoltaic projects in South Africa and Argentina.

San Francisco-based infrastructure firm Table Rock Capital has formed a platform for investing in solar photovoltaic projects with developer Sequel Power.

Sequel, a portfolio company of Nasdaq-listed Tegal Corporation, was formed earlier this year to develop large-scale renewable energy projects in the US, Latin America, the Middle East and Africa, according to a statement.

All of the projects in which Table Rock will be investing through this new platform are currently in the development stage, according to Sequel Power president Ferdinand Seemann. The platform will initially focus on projects in South Africa and Argentina, and Seemann anticipates those projects will generate about one gigawatt of power when completed.

Seemann said the utility-scale solar photovoltaic projects included in the platform “are fundamentally infrastructure projects”, best suited to an infrastructure investor with a long-term horizon rather than a private equity or venture capital firm.

Seemann declined to comment on the size of Table Rock’s commitment to the platform. Table Rock could not be reached for comment at press time.

Table Rock focuses primarily on infrastructure investments in US and OECD countries in sectors including transportation, water and wastewater treatment, energy and social infrastructure.