Stonepeak Partners is backing Synera Renewable Energy Co. in its pursuit of an $800 million private credit facility for an offshore wind farm in Taiwan, according to people familiar with the matter. The funding would support the expansion of green power infrastructure in the country, which has been aggressively pursuing renewable energy development.

The project represents one of the largest private credit deals in Taiwan's renewable energy sector this year. Synera, which operates as a portfolio company of Stonepeak, is seeking the financing from institutional investors and private credit funds. The capital would be used to develop offshore wind capacity, a key component of Taiwan's strategy to reduce carbon emissions and meet its renewable energy targets.

This deal highlights the growing role of private credit in financing large-scale infrastructure projects, particularly in emerging markets. Taiwan's push for offshore wind development has attracted significant international investment, with multiple projects underway to capitalize on the island's strong wind resources. The $800 million facility underscores the scale of capital required to build out renewable energy infrastructure in the region.