You are attested as an Institutional Investor, but this page is intended for a Borrower.
You are attested as a Financial Advisor / Intermediary, but this page is intended for a Borrower.
You are attested as a Borrower, but this page is intended for a Borrower.
You are attested as an Individual Investor, but this page is intended for an a Borrower
- Renewables
- Power Generation
Key Takeaways 1
- Power generation companies operate in a dynamic industry that requires flexible capital solutions to support evolving needs.
- PGIM has experience financing power generation, transmission, utility, and electric cooperative assets across a range of transaction structures.
- Financing solutions can support power plant construction, debt refinancing, growth initiatives, acquisitions, and capital structure optimization.
- Capital can be provided through senior debt, subordinated debt, and preferred equity tailored to the specific needs of each project or business.
- As a long-term, relationship-oriented capital provider, PGIM supports clients with customized financing solutions and access to follow-on capital as opportunities arise.
Overview
A trusted provider with years of experience in power
Our longtime involvement in the Power sector includes investments of $22.7 billion since the Power group was established in 2004. Our current Power portfolio stands at $11.1 billion, with 109 project issuers, 35 utilities, and 24 electric cooperatives (as of 6/30/26).
We provide our partner companies with the security of a large capital provider and the care and attention to detail of a small group. We’re able to focus on power, generation, and transmission assets as well as more traditional natural gas-fired generating assets.
Typical size
- Senior debt: $10 million - $300+ million
- Subordinated debt: $10 million - $100+ million
- Preferred equity: $10 million - $50+ million
Typical uses
- Crop financings
- Debt refinancing
- Debt diversification
- Expansion and growth capital
- Acquisitions
- Stock buyback / recapitalization
- Employee Stock Ownership Plan (ESOP)
Structural characteristics
- Fixed / floating rate
- Unsecured / secured
- Maturities of 3 to 30+ years
- Amortizing or bullet maturities
- Senior debt, alongside subordinated debt / equity (if needed), for a seamless solution with a single, relationship-oriented capital provider
Issuer benefits
- Supportive, patient, relationship-oriented partner
- Deep pockets to provide follow-on capital to fund your future growth
- Understanding the complexities of your particular business
- Capacity to fund across your capital structure with senior debt, subordinated debt, and preferred equity
Who We Work With
Insights
-
What's Your Alternative?How institutional investors in EMEA are thinking about Private Alternatives.
Read More
-
What's Your Alternative?How institutional investors in EMEA are thinking about Private Alternatives.
Read More
-
What's Your Alternative?How institutional investors in EMEA are thinking about Private Alternatives.
Read More
Frequently Asked Questions
PGIM supports a range of power sector participants, including power generation companies, utilities, electric cooperatives, and project finance issuers across generation and transmission assets.
Collapse SectionFinancing can be used to support power plant construction, debt refinancing, growth initiatives, acquisitions, and other strategic capital needs within the power sector.
Collapse SectionCapital solutions may include senior debt, subordinated debt, preferred equity, project finance structures, construction loans, and term loans designed to meet specific business and project objectives.
Collapse SectionCompanies often seek a financing partner with deep industry experience, flexible capital solutions, and the ability to provide long-term support across multiple financing needs and stages of growth.
Collapse SectionKey Takeaways 2
- Power generation companies operate in a dynamic industry that requires flexible capital solutions to support evolving needs.
- PGIM has experience financing power generation, transmission, utility, and electric cooperative assets across a range of transaction structures.
- Financing solutions can support power plant construction, debt refinancing, growth initiatives, acquisitions, and capital structure optimization.
- Capital can be provided through senior debt, subordinated debt, and preferred equity tailored to the specific needs of each project or business.
- As a long-term, relationship-oriented capital provider, PGIM supports clients with customized financing solutions and access to follow-on capital as opportunities arise.
Overview
A trusted provider with years of experience in power
Our longtime involvement in the Power sector includes investments of $22.7 billion since the Power group was established in 2004. Our current Power portfolio stands at $11.1 billion, with 109 project issuers, 35 utilities, and 24 electric cooperatives (as of 6/30/26).
We provide our partner companies with the security of a large capital provider and the care and attention to detail of a small group. We’re able to focus on power, generation, and transmission assets as well as more traditional natural gas-fired generating assets.
Typical size
- Senior debt: $10 million - $300+ million
- Subordinated debt: $10 million - $100+ million
- Preferred equity: $10 million - $50+ million
Typical uses
- Crop financings
- Debt refinancing
- Debt diversification
- Expansion and growth capital
- Acquisitions
- Stock buyback / recapitalization
- Employee Stock Ownership Plan (ESOP)
Structural characteristics
- Fixed / floating rate
- Unsecured / secured
- Maturities of 3 to 30+ years
- Amortizing or bullet maturities
- Senior debt, alongside subordinated debt / equity (if needed), for a seamless solution with a single, relationship-oriented capital provider
Issuer benefits
- Supportive, patient, relationship-oriented partner
- Deep pockets to provide follow-on capital to fund your future growth
- Understanding the complexities of your particular business
- Capacity to fund across your capital structure with senior debt, subordinated debt, and preferred equity
Who We Work With
Our Team
Alex Stuart
Managing Director, Credit Secondaries
Credit
Alex Stuart
Managing Director, Credit Secondaries
Credit
Alex Stuart
Managing Director, Credit Secondaries
Credit
Alex Stuart
Managing Director, Credit Secondaries
Credit
Insights
-
What's Your Alternative?How institutional investors in EMEA are thinking about Private Alternatives.
Read More
-
What's Your Alternative?How institutional investors in EMEA are thinking about Private Alternatives.
Read More
-
What's Your Alternative?How institutional investors in EMEA are thinking about Private Alternatives.
Read More
Frequently Asked Questions
PGIM supports a range of power sector participants, including power generation companies, utilities, electric cooperatives, and project finance issuers across generation and transmission assets.
Collapse SectionFinancing can be used to support power plant construction, debt refinancing, growth initiatives, acquisitions, and other strategic capital needs within the power sector.
Collapse SectionCapital solutions may include senior debt, subordinated debt, preferred equity, project finance structures, construction loans, and term loans designed to meet specific business and project objectives.
Collapse SectionCompanies often seek a financing partner with deep industry experience, flexible capital solutions, and the ability to provide long-term support across multiple financing needs and stages of growth.
Collapse Section
