Articles from Pacifico Energy

Pacifico Energy Vietnam (“Pacifico Energy” or “PE”), the Vietnam-based development platform of Pacifico Energy Group (“PEG”), a leading global energy infrastructure developer, announced today that it has received sea survey license approval from Vietnam’s Ministry of Agriculture and Environment (“MAE”) for development of the up to 1,300 MW Nam Trung Bo 3 offshore energy infrastructure and marine technology (“offshore wind”) project in Lam Dong Province.

Pacifico Energy today announced a major advancement of its GW Ranch project, a private-grid power generation campus in West Texas purpose-built for hyperscale data centers and the next wave of AI innovation. GW Ranch has received its Texas Commission on Environmental Quality (TCEQ) air permit for 7.65 GW of gas-fired power generation, the largest permit granted in the United States of America. Securing the TCEQ air permit authorizes construction and operation under state and federal air-quality requirements. This approval validates Pacifico's emissions-control strategy and advances a key regulatory milestone on the path to commercial operation.

Pacifico Energy (Pacifico) today announced the appointment of Dhiraj Shangari as Chief Financial Officer, Head of Capital Markets & Investments. This move strengthens the company’s leadership team as it continues to expand its global power portfolio and advance large-scale energy transition initiatives.

Pacifico Energy Vietnam (“PEV”), the Vietnam-based development platform of Pacifico Energy Group (“PEG”), a leading global energy infrastructure developer, today announced the closing of up to $28.5 million in senior debt financing from Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) for its utility-scale Sunpro Wind Farm project. This is PEG’s second power project in Vietnam and a pivotal step in the company’s expansion in Vietnam.

Pacifico Energy today announced plans for the GW Ranch project, an off-grid power generation campus that has been in development since early 2024. The project, sited within 8,000+ acres in Pecos County, Texas, is purpose-built to support hyperscale data centers and the next wave of artificial intelligence (AI) innovation. GW Ranch’s unique approach will provide 5 gigawatts (GW) of dedicated, highly reliable power by combining high-efficiency natural gas turbines and advanced battery storage. This off-grid approach removes reliance on the electricity grid, responsibly delivering unmatched speed-to-deployment with direct control over energy supply, and “five nines” of reliability for digital infrastructure operators.

Pacifico Power, a leading energy developer and energy services company, celebrates a year of exceptional achievements, including the commercial operation of 21.8 MW of solar photovoltaic (PV) and 21.3 MWh of battery storage projects in December. These projects mark critical infrastructure milestones, delivering clean energy and significant cost savings to community solar subscribers and prime power microgrid customers across the United States. As the U.S. segment of the Pacifico Energy Group, Pacifico Power will formally conduct its U.S. businesses under the Pacifico Energy flagship name moving forward as it expands into prime power and microgrid generation.

Pacifico Energy has announced that Leon J. Persaud will join as Managing Director to focus on alternative investments within the renewable energy and sustainable infrastructure sectors. Persaud joins the team from BofA Securities, where he was an investment banker advising Traditional and Alternative Asset Managers on M&A and capital markets transactions. Prior to BofA Securities, he led the Capital Markets function at Cypress Creek Renewables and played a key role in Cypress’ sale to EQT Infrastructure. Persaud also served in the U.S. Navy for nearly a decade, which included assignments at U.S. Special Operations Command and the Navy Expeditionary Combat Command. He brings to the team a unique blend of lower, middle and upper market M&A and capital markets transaction experience and will report directly to Nate Franklin, CEO of Pacifico Energy.