Warburg Pincus has committed $100m (€100m) of equity to Insight Energy, a company established to acquire small and medium-sized power projects in North America and Western Europe.

Insight Energy will be able to leverage up from this equity backing. It is planning an acquisition spree among power plants producing less than 150 megawatts and hopes to become the leading independent owner of small power plants. It is currently pursuing acquisitions in the US, Canada, the UK and Ireland.