Competitive Power Ventures

About Competitive Power Ventures

Competitive Power Ventures (CPV), founded in 1999 by Doug Egan and Gary Lambert, is a key player in the North American power generation sector, specializing in development, asset management, and ownership. The founders established the company after their time at PG&E Generating Company and J. Makowski Associates, leveraging their extensive experience in the independent power industry. Egan, known for his strategic direction, and Lambert, who oversaw major project development and financing, positioned CPV as a premier development firm. A significant milestone was securing $51 million in venture capital in 2000 from investors like Warburg Pincus. Over the years, the company has attracted major funding, including from Global Infrastructure Partners (GIP) in 2015 and was later acquired by OPC Energy in October 2020.

CPV's business model is centered on developing, owning, and operating a portfolio of power generation facilities with a strategic focus on highly efficient, low-emitting natural gas plants and renewable energy assets like wind and solar. The company identifies and develops new energy projects, manages construction, and provides ongoing asset management services for its own facilities and for third-party clients. Its development arm has successfully brought over 6.8 GW of power online since 2010 and manages a portfolio of over 6,100 MW. The company also operates CPV Retail, which supplies power directly to commercial and industrial customers. This multi-faceted approach allows CPV to create value at every stage of a power project's lifecycle, from initial concept to long-term operation.

The company's services encompass the full spectrum of power generation, from greenfield project development to long-term asset management and retail energy supply. CPV's development team focuses on creating new energy supplies in strategic North American markets, using combined-cycle natural gas and renewable technologies to meet demand in high-load areas. Their asset management division oversees thousands of megawatts of generation facilities. A key differentiator is the company's in-house, multi-disciplinary expertise, which includes engineering, construction management, regulatory affairs, and finance, enabling them to manage complex projects from conception to completion. This integrated model, combined with a focus on community engagement and environmental responsibility, has allowed CPV to develop and finance award-winning projects that modernize the electric grid.