New Energy Capital Hires Two Principals Continuing Growth of the Clean Infrastructure Investing Platform

Clean energy infrastructure private equity firm New Energy Capital Partners announced today that it has hired Jeph Shaw and Ian Marcus as Principals in its Hanover, New Hampshire office. Mr. Shaw was previously an Associate with the firm before earning an MBA from the Tuck School of Business at Dartmouth and subsequently participating in the Management Leadership Development Program at SunEdison, where he focused on investment and financing activities at the TerraForm YieldCo affiliate.   Mr. Marcus joins from Morgan Stanley & Co. where he was a Vice President on the Solar Desk within the North America Power & Gas Unit in its Commodities Division. While at Morgan Stanley, Mr. Marcus originated, structured, and principally invested in solar projects in the residential, commercial, community, and utility sectors.  Continue reading

2015 Greenhouse Gas Impact

The solar, landfill gas, and fuel cell projects funded by New Energy Capital through the New Energy Capital Cleantech Infrastructure Fund offset over 482 thousand metric tons of carbon dioxide equivalents (“MT CO2 Eq.”) in 2015. NEC expects this number to grow in 2016 as in-construction solar projects are placed into service and as the AltAir renewable fuel project begins commercial production. Continue reading

New Energy Capital Makes Follow-On Investment in Cypress Creek Renewables

The New Energy Capital Cleantech Infrastructure Fund, a leading investor in clean infrastructure real assets, has made a follow-on investment in Cypress Creek Renewables, a leading developer and long-term owner of small to mid-size utility scale solar energy projects.  This investment follows the Fund’s initial investment in Cypress Creek made in the first quarter of 2015. Continue reading

New Energy Capital Invests in Natural Systems Utilities

The New Energy Capital Cleantech Infrastructure Fund, a leading investor in clean infrastructure real assets, has invested in Natural Systems Utilities, an award-winning leader in the water and energy infrastructure industry.  Previous investors XPV Capital Corporation and ARB, a private investment firm, joined the round. Continue reading

New Energy Capital Announces Cypress Creek Renewables Investment

The New Energy Capital Cleantech Infrastructure Fund announced that it has closed an investment of $20 million to fund the development and construction of solar PV power plants by Cypress Creek Renewables, LLC.

Matt McGovern, CEO of Cypress Creek Renewables said, “This investment is a critical component to our current and future success. We are excited to announce our partnership with New Energy Capital and look forward to working together as we grow our business and capitalize on solar market opportunities.”

Cypress Creek Renewables is a developer and long-term owner of solar energy projects with development assets in markets across the United States. Their business model is focused on utility-scale ground mount projects from 2-20MW AC in capacity. Cypress combines extensive development experience with a deep track record of successful transactions.

Patrick Fox, Partner at New Energy Capital Partners said, “We are thrilled to be working with Cypress Creek, they have an outstanding management team with an extensive track record of success. We’re pleased to have the opportunity to support them going forward.”