PROVIDENCIALES: Vision Ridge Partners, a global investor in sustainable real assets, has acquired FortisTCI Ltd., the electricity utility serving the Turks and Caicos Islands. The company has been rebranded as Pelican Energy TCI, signaling a renewed commitment to sustainable and resilient energy infrastructure across the territory.
Terms of the transaction were not disclosed.
Pelican Energy TCI will continue delivering safe and reliable electricity while working to modernize its generation mix and grid infrastructure to meet the evolving energy demands of the islands. The transition comes amid rising power needs driven by economic growth and climate resilience priorities.
“We are pleased to lead the next phase of Pelican Energy TCI’s growth and infrastructure advancement at a pivotal point in TCI’s power demand growth trajectory,” said Reuben Munger, Founder, Managing Partner and Chief Investment Officer of Vision Ridge. “We believe the company is well positioned to strategically improve its generation mix and ensure reliable delivery of sustainable power for future generations.”
Ruth Forbes, President and CEO of Pelican Energy TCI, said the partnership with Vision Ridge will help the utility maintain high standards of safety and service while addressing long-term energy security.
Vision Ridge has invested in 26 companies across energy, transportation and agriculture since its founding in 2008, including solar developers, energy storage firms and renewable natural gas providers.
Pelican Energy TCI serves residential and commercial energy consumers throughout the Turks and Caicos Islands.