New Energy Capital Partners, LLC (“NEC”), a leading alternative asset management firm focused on debt and equity investments in small- and mid-sized clean energy infrastructure projects and companies, today announced that it held a final closing for the New Energy Capital Infrastructure Credit Fund (the “Fund”) with total capital commitments of $325 million. The Fund was oversubscribed and exceeds NEC’s initial target of $250 million. Continue reading
Ygrene Energy Fund, the leading national provider of residential, commercial and multifamily property assessed clean energy (PACE) financing announced today it has secured a $30 million financing facility from the New Energy Capital Infrastructure Credit Fund and related funds which are managed and advised by New Energy Capital Partners, a leading investor in clean infrastructure real assets. This capital will be instrumental in achieving 2017 growth projections and brings the company’s PACE asset financing capacity to $280 million. Continue reading
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
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
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