Stonepeak launches WahajPeak, its first dedicated Middle East renewables platform, to capitalise on decarbonisation and grid modernisation

Stonepeak’s latest move signals a tangible expansion of its renewables platform strategy into the Middle East. The firm unveiled WahajPeak, its first dedicated renewables platform in the region, presenting the launch as a commitment to securing and developing utility-scale solar, wind and battery storage projects across the Gulf Cooperation Council and beyond. The official release, dated August 18, 2025, frames WahajPeak as a vehicle to capitalise on regional policy tailwinds centered on decarbonisation, energy diversification and grid modernisation. The platform is led by Mothana Qteishat, a veteran of the Middle East solar sector, who brings 17 years’ experience and has steered the development and delivery of more than 5 GW of solar capacity, including two solar plants that were among the world’s largest at the time of operation. WahajPeak will be supported by a team with more than a century of combined experience and a proven execution record. According to the Stonepeak release, the aim is to “scale and adapt over time, in step with the region’s evolving energy landscape,” and to work closely with regional stakeholders to seize opportunities ahead. (stonepeak.com)

In presenting WahajPeak, Stonepeak highlights the Middle East’s growing demand for reliable, utility-scale infrastructure as governments in the region pursue ambitious decarbonisation agendas. The platform’s leadership and stated mandate sit within a broader arc of regional activity that Stonepeak has been pursuing for some time, including on-the-ground presence in the Kingdom of Saudi Arabia and partnerships with regional institutions. Hajir Naghdy, Stonepeak’s head of Asia and the Middle East, noted the group’s “solidified presence in the Middle East” through boots on the ground in Riyadh and Abu Dhabi, and referenced the announced collaboration with The Arab Energy Fund as a stepping stone to greater regional engagement. The release also underlined a commitment to leveraging Stonepeak’s platform-building approach—combining talent, long-term capital and a sectoral network—to support WahajPeak’s growth. (stonepeak.com)

WahajPeak’s announcement arrives within a broader context of regional collaboration and capital formation. In May 2025, Stonepeak announced the establishment of a presence in the Kingdom of Saudi Arabia, appointing senior investment figures to lead on-the-ground activities in Riyadh. The move was presented as part of a deepening Middle East strategy supported by the firm’s license to operate in Saudi Arabia and its expanded regional team. Stonepeak’s leadership described Saudi opportunities as among the world’s most exciting for infrastructure investment and noted the firm’s intent to support the realization of regional development plans on the ground. (stonepeak.com)

Two weeks later, Stonepeak joined forces with The Arab Energy Fund (TAEF), in what the firms described as a strategic partnership to mobilise up to USD 1 billion of investment across the Middle East’s energy infrastructure. The Arab Energy Fund’s chief executive and Stonepeak’s leadership framed the alliance as a way to accelerate the development of resilient, future-ready energy platforms and to advance regional energy diversification and growth. The company said the partnership would leverage its on-the-ground presence and ESG-aligned financing capabilities across more than 35 markets. (stonepeak.com)

Industry observers note that WahajPeak sits alongside Stonepeak’s broader, multinational platform strategy. Stonepeak has previously launched and operated platforms such as Asia Energy Storage Platform, Peak Energy and Synera Renewable Energy in Asia; Madison Energy Investments in North America focused on distributed solar assets (fully realized in 2023); and more recently JouleTerra for European renewables land aggregation and Longview Infrastructure for North American transmission development. Taken together, Stonepeak’s platforms and investments currently underpin about 10.4 gigawatts of renewable energy capacity globally in operation, under construction, or in development across wind, solar and storage technologies. WahajPeak’s genesis thus aligns with a long-standing playbook: building scale through dedicated platforms that can attract long-horizon capital while leveraging local teams and regulatory know‑how. (stonepeak.com)

The Saudisation of Stonepeak’s footprint is also reinforced by the group’s on‑the‑ground leadership in Riyadh. The May 2025 Saudi presence announcement described the firm’s engagement in the Kingdom as part of a broader mission to advance on‑the‑ground capabilities, with executives emphasising the importance of Vision 2030 and regional energy priorities. This backdrop helps explain WahajPeak’s emphasis on grid modernisation and decarbonisation as core drivers of growth in the GCC and broader Middle East energy transition. (stonepeak.com)

Further context for WahajPeak’s potential scale comes from background on Mothana Qteishat. A former Vice President at Jinko Power, Qteishat is credited with leading more than 5 GW of solar capacity and with delivering two of the era’s largest solar projects. His track record—particularly in the GCC market—appears to be a central pillar of Stonepeak’s assertion that WahajPeak will have the execution depth required to capitalise on the region’s energy ambition. Jinko Power’s MESIA award for the Al Dhafra project in Abu Dhabi, which Qteishat helped position within Jinko’s MEA portfolio, provides independent corroboration of his role in landmark Middle East solar developments. (jinkopower.com)

Industry coverage has echoed the core themes of WahajPeak’s launch: the platform will pursue utility-scale solar, wind and energy storage projects in the GCC and the wider Middle East; it benefits from a policy environment that favours decarbonisation and grid modernisation; and it is embedded in a broader Stonepeak strategy of platform-based growth. Reports also note the strategic alignment with The Arab Energy Fund and Stonepeak’s on‑the‑ground capabilities, including a recent ADGM footprint established in late 2024 as part of the group’s regional expansion. While Stonepeak’s own press materials frame WahajPeak as a scalable foundation for regional energy transformation, market observers emphasise the importance of translating this platform into bankable projects with robust PPAs and long-duration commercial arrangements. (zawya.com, tm cnet.com, reglobal.org)

Date clarity is important for understanding the latest developments. Stonepeak’s WahajPeak announcement was published on August 18, 2025, and subsequent coverage by industry outlets carried the story forward on August 19, 2025. The firm’s parallel announcements in May 2025—including the Saudi presence and the USD 1 billion Arab Energy Fund partnership—illustrate a coordinated expansion across platforms, partnerships and on-the-ground capability that underpins WahajPeak’s launch. (stonepeak.com, reglobal.org)

Source Panel

• Stonepeak Launches Middle East Renewables Platform WahajPeak. Stonepeak, August 18, 2025. Details WahajPeak’s leadership by Mothana Qteishat, the platform’s investment focus on solar, wind and battery storage across the GCC and the broader Middle East, and the firm’s multi-regional platform-building strategy. (stonepeak.com)
• Stonepeak Launches Middle East Renewables Platform WahajPeak. BusinessWire/EPICOS reprint. August 18, 2025. Additional summary of WahajPeak’s mandate and leadership. (epicos.com)
• The Arab Energy Fund and Stonepeak Enter $1 Billion Strategic Partnership to Advance Energy Infrastructure Across the Middle East. Stonepeak, May 19, 2025. Outlines a strategic partnership to mobilise up to USD 1 billion for energy infrastructure across the Middle East, with commentary from TAEF executives and Stonepeak leadership. (stonepeak.com)
• Stonepeak Establishes Presence in Kingdom of Saudi Arabia. Stonepeak, May 8, 2025. Describes Saudi-based on-the-ground leadership and regulatory milestones underpinning Stonepeak’s regional expansion. (stonepeak.com)
• WahajPeak coverage and regional context. Zawya, 2025. Provides regional coverage of WahajPeak, its strategy to back utility-scale renewables, and the link to The Arab Energy Fund partnership and Stonepeak’s broader platform approach. (zawya.com)
• Stonepeak launches renewables platform WahajPeak; REGlobal and other outlets. REGlobal, August 19, 2025; Pulse2.0, August 2025. Independent summarisation and corroboration of WahajPeak’s scope and regional policy context. (reglobal.org, tmcnet.com)
• Mothana Qteishat profile and Middle East solar platform leadership. Jinko Power news, MESIA award coverage, 2021. Provides independent confirmation of Qteishat’s role and credentials in Middle East solar projects, including Al Dhafra. (jinkopower.com)
• Mothana Qteishat background and regional work. The Energy Year, 2023–2024. Context on Qteishat’s leadership in large GCC solar deployments and ongoing MEA project activity. (theenergyyear.com)
• Stonepeak regional footprint and platform history. Stonepeak press materials (Saudi Arabia presence; ADGM footprint) and related coverage. (stonepeak.com, zawya.com)

Notes
– All quotations and phrasing attributed to the publicly released Stonepeak announcements reflect the company’s stated positions; translations and paraphrasing maintain editorial distance from corporate claims where appropriate.
– Where dates are discussed, absolute dates are provided above to avoid ambiguity about when events occurred or were announced.
– The lead article’s core focus on WahajPeak is retained, while the surrounding context—regional policy tailwinds, partnerships, on-the-ground expansion and Stonepeak’s platform-building track record—has been integrated to offer a fuller, journalistic view of the development.

Source: Noah Wire Services