Portfolio

  • Southern Current
    Sector: Solar
    Nameplate Capacity: N/A
    Location: South Carolina

    Southern Current


    Sector: Solar
    Nameplate Capacity: N/A
    Location: South Carolina
    Transaction Closed: July 2017
    Start-up: In Development

    Description: Southern Current is a developer of solar energy facilities with a particular focus on markets in Southeastern United States. Founded in 2016 through the merger of two of the Southeast’s leading developers, Southern Current has accumulated a deep pipeline of solar projects through its proprietary site selection and land acquisition processes.

    Technology: Solar PV


  • Northbrook Carolina Hydro
    Sector: Hydro
    Nameplate Capacity: 12.9 MW
    Location: North Carolina and South Carolina

    Northbrook Carolina Hydro


    Sector: Hydro
    Nameplate Capacity: 12.9 MW
    Location: North Carolina and South Carolina
    Transaction Closed: May 2017
    Start-up: Operating

    Description: Northbrook Carolina Hydro is a portfolio of four run-of-the-river hydroelectric assets in North and South Carolina totaling 12.9 megawatts of nameplate capacity. The four plants comprising the portfolio are the Boyd’s Mill, Holliday’s Bridge, and Saluda facilities in South Carolina and the Turner Shoals facility in North Carolina. Holliday's Bridge and Saluda are located on the Saluda River while Boyd's Mill is located on the Reedy River and Turner Shoals on the Green River. Asset management is performed by Northbrook Power Management, a subsidiary of Northbrook Energy.

    Technology: Hydro


  • United States Solar Corporation (US Solar)
    Sector: Solar
    Nameplate Capacity: N/A
    Location: Minnesota

    United States Solar Corporation (US Solar)


    Sector: Solar
    Nameplate Capacity: N/A
    Location: Minnesota
    Transaction Closed: April 2017
    Start-up: In Development

    Description: US Solar is a developer of solar energy facilities with a particular focus on emerging community solar markets across the US. Founded in 2014 US Solar brings solar opportunities to both owners of well-situated project sites and to electric customers unable to host a project onsite. Through its subsidiaries, US Solar identifies and contracts directly with property owners and electricity customers. Following early success working with municipalities, school districts, and corporate subscribers, US Solar plans to launch a residential pilot program in 2017.

    Technology: Solar PV


  • Ygrene Energy Fund
    Sector: Energy Efficiency
    Nameplate Capacity: N/A
    Location: Santa Rosa, California

    Ygrene Energy Fund


    Sector: Energy Efficiency
    Nameplate Capacity: N/A
    Location: Santa Rosa, California
    Transaction Closed: October 2016
    Start-up: Operating

    Description: Ygrene Energy Fund is the nation's leading provider of residential, multifamily and commercial property assessed clean energy financing. The award-winning, privately funded YgreneWorks program provides immediately accessible financing with no upfront payments for energy efficiency, renewables, water conservation, and, in certain areas, electric vehicle charging stations, hurricane protection, and seismic upgrades. Ygrene is committed to making it easy for property owners to invest in their future and a healthier environment. Over the next five years, the YgreneWorks program is expected to create tens of thousands of jobs and invest billions of dollars into local economies.

    Technology: Energy Efficiency (PACE approved)


  • Ecoplexus Portfolio
    Sector: Solar
    Nameplate Capacity: N/A
    Location: North Carolina

    Ecoplexus Portfolio


    Sector: Solar
    Nameplate Capacity: N/A
    Location: North Carolina
    Transaction Closed: September 2016
    Start-up: Operating

    Description: Ecoplexus, Inc. is a San Francisco, California-based developer and long-term owner of utility scale solar projects within the United States and internationally. The NEC investment is supported by a portfolio of operating solar projects in North Carolina. The projects have long-term contracts with investment grade utility offtakers.

    Technology: Solar PV


  • Hecate Energy
    Sector: Solar and Energy Storage
    Nameplate Capacity: N/A
    Location: Chicago, Illinois

    Hecate Energy


    Sector: Solar and Energy Storage
    Nameplate Capacity: N/A
    Location: Chicago, Illinois
    Transaction Closed: August 2016
    Start-up: Development, Construction, and Operating

    Description: Hecate Energy is a developer of power generation projects, with a current technology focus on solar and energy storage. Hecate's business model is focused on early and mid-stage development with assets sold to third parties before start of construction. The Hecate executive team has been working together since 1996 and has an extensive track record of delivering projects.

    Technology: Solar PV and Battery Storage


  • Pine Gate Renewables
    Sector: Solar
    Nameplate Capacity: N/A
    Location: Charlotte, North Carolina and Jacksonville, Florida

    Pine Gate Renewables


    Sector: Solar
    Nameplate Capacity: N/A
    Location: Charlotte, North Carolina and Jacksonville, Florida
    Transaction Closed: August 2016
    Start-up: Operating

    Description: Pine Gate Renewables is a developer of solar energy facilities with development assets in markets across the United States. Pine Gate's business model is focused on both origination and long-term ownership of solar PV projects in key markets. The team combines a track record of project origination, development, and finance and is focused on deployment of solar technology where it is mutually beneficial for landowners, communities, and investors.

    Technology: Solar PV


  • BlueWave Barrett Project
    Sector: Solar
    Nameplate Capacity: 16 MW
    Location: Oxford, Massachusetts

    BlueWave Barrett Project


    Sector: Solar
    Nameplate Capacity: 16 MW
    Location: Oxford, Massachusetts
    Transaction Closed: June 2016
    Start-up: December 2016, Exited December 2016

    Description: BlueWave Solar builds and owns community solar systems with a focus on the Massachusetts market. NEC invested in BlueWave’s Barrett Solar Project which reached commercial operations in December 2016. The project’s anchor power customers are Phillips Academy Andover and Fay School. The project will provide enough energy to power 3,200 single-family homes.

    Technology: Solar PV


  • Natural Systems Utilities (NSU)
    Sector: Water
    Nameplate Capacity: N/A
    Location: Hillsborough, New Jersey

    Natural Systems Utilities (NSU)


    Sector: Water
    Nameplate Capacity: N/A
    Location: Hillsborough, New Jersey
    Transaction Closed: June 2015
    Start-up: Operating

    Description: NSU is a distributed infrastructure development and management company providing high value, low impact water treatment, water reuse, and organic waste-to-energy solutions for communities and businesses. NSU is active across several market segments including municipal retrofit, industrial food & beverage, large community systems, and oil produced water. With their turnkey design, build, operate, and finance approach they provide clients with cost effective, low risk solutions to meet their water and energy resource needs.

    Technology: Natural Ecological Systems, Advanced Membrane Bioreactors, and Anaerobic Digesters


  • Cypress Creek Renewables
    Sector: Solar
    Nameplate Capacity: N/A
    Location: Santa Monica, California

    Cypress Creek Renewables


    Sector: Solar
    Nameplate Capacity: N/A
    Location: Santa Monica, California
    Transaction Closed: March 2015
    Start-up: Operating

    Description: Cypress is a developer of utility-scale solar energy facilities with development assets in markets across the United States. Cypress combines extensive development experience with a deep track record of successful transactions. NEC has partnered with Cypress on multiple transactions.

    Technology: Solar PV


  • BioFuels Washington LLC
    Sector: Landfill Gas
    Nameplate Capacity: 4.5 MW
    Location: Washington

    BioFuels Washington LLC


    Sector: Landfill Gas
    Nameplate Capacity: 4.5 MW
    Location: Washington
    Transaction Closed: July 2012
    Start-up: Operating, Exited December 2016

    Description: BioFuels Washington is a landfill gas-to-energy project in Pierce County, Washington. The landfill currently produces 3,500 SCFM of landfill gas, with significant growth in the gas curve expected. The project was developed by NEC in partnership with BioFuels Energy, LLC. with offtake agreements with Puget Sound Energy for power from the existing plant. Phase I produces 35 million kilowatt hours of clean electricity annually.

    Technology: Gas Fired Gensets


  • BioFuels Point Loma LLC
    Sector: Biogas
    Nameplate Capacity: 1,111 SCFM
    Location: San Diego, California

    BioFuels Point Loma LLC


    Sector: Biogas
    Nameplate Capacity: 1,111 SCFM
    Location: San Diego, California
    Transaction Closed: November 2010
    Start-up: Operating

    Description: BioFuels Point Loma is one of a limited number of facilities in California that produce biomethane, making its output important in the California power and energy markets. Annual biogas production of 220,000 MMBtu is used to make clean power at several sites in the San Diego area. The Point Loma project cleans digester gas from the Point Loma Wastewater Treatment Plant operated by the City of San Diego. After processing, biomethane is injected into the San Diego Gas & Electric pipeline for distribution to affiliated Trident Power fuel cell generators.

    Technology: Membrane Separation


  • Trident Power
    Sector: Fuel Cell
    Nameplate Capacity: 4.5 MW
    Location: San Diego, California

    Trident Power


    Sector: Fuel Cell
    Nameplate Capacity: 4.5 MW
    Location: San Diego, California
    Transaction Closed: November 2010
    Start-up: Operating

    Description: Trident Power was the largest integrated fuel cell project in the United States when it was commissioned in 2011. The three fuel cells operate on gas produced by the affiliated BioFuels Point Loma project, also in San Diego, California. The project has long-term offtake agreements for all power output from the fuel cells with the City of San Diego and the University of California San Diego. The project produces 35 million kilowatt hours of electricity annually with a total generating capacity of 4.5 MW.

    Technology: Molten Carbonate Fuel Cells


  • SolarVision, LLC
    Sector: Solar
    Nameplate Capacity: 5 MW
    Location: Celina, Ohio

    SolarVision, LLC


    Sector: Solar
    Nameplate Capacity: 5 MW
    Location: Celina, Ohio
    Transaction Closed: August 2012
    Start-up: December 2012

    Description: Celina Solar Project I is a 5 MW solar project developed by SolarVision, LLC of Columbus, OH. The project is located on 60 acres of land at the Celina Renewable Energy Center owned by the City of Celina, Ohio and provides enough energy to power approximately 500 homes. The system is connected to the city of Celina's own electric company, and about 8 percent of the city's annual energy requirements are fulfilled by solar energy.

    Technology: Solar PV


  • AltAir Fuels
    Sector: Fuels
    Nameplate Capacity: 40 MGPY
    Location: Paramount, California

    AltAir Fuels


    Sector: Fuels
    Nameplate Capacity: 40 MGPY
    Location: Paramount, California
    Transaction Closed: May 2013
    Start-up: February 2016

    Description: AltAir is a renewable diesel and green jet fuel project development company focused on opportunities that seek to repurpose idle petroleum refining capacity into renewable diesel refineries. NEC partnered with AltAir to retrofit an existing petroleum refinery in Southern California capable of producing 40 million gallons per year of renewable biofuel. The advanced biofuels, derived from sustainable feedstocks, are drop-in replacements for petroleum-based fuel, requiring no modification to factory-standard engines or aircraft, with which they are fully compatible. AltAir leverages its relationships with major airlines and fuel distributors to bring its product to the highest value markets.

    Technology: UOP Eco-Fining Process


  • FLS Energy, Inc.
    Sector: Solar
    Nameplate Capacity: N/A
    Location: Asheville, North Carolina

    FLS Energy, Inc.


    Sector: Solar
    Nameplate Capacity: N/A
    Location: Asheville, North Carolina
    Transaction Closed: September 2011
    Start-up: Operating

    Description: FLS Energy developed solar energy systems as turn-key solutions for industrial and technology companies, universities and colleges, and a number of governmental institutions, hotels, and other commercial enterprises throughout the Southeast. FLS Energy has also installed solar systems on more than 2,000 homes for the U.S. Marines.

    Technology: Solar PV


  • Clean Energy Collective (CEC)
    Sector: Solar
    Nameplate Capacity: N/A
    Location: Boulder, Colorado

    Clean Energy Collective (CEC)


    Sector: Solar
    Nameplate Capacity: N/A
    Location: Boulder, Colorado
    Transaction Closed: November 2012
    Start-up: Operating

    Description: CEC builds, operates and maintains community based clean energy facilities. CEC's community structure opens the residential solar market to customers who cannot otherwise participate, such as renters or those with shaded rooftops, and makes it more affordable for all homeowners. CEC's proprietary CEC RemoteMeter™ system calculates monthly credits for each member and integrates with utilities' existing billing systems.

    Technology: Solar PV


  • SunEdison Development I
    Sector: Solar
    Nameplate Capacity: 100 MW
    Location: Southern California

    SunEdison Development I


    Sector: Solar
    Nameplate Capacity: 100 MW
    Location: Southern California
    Transaction Closed: March 2013
    Start-up: Operating, Exited December 2014

    Description: SunEdison is a global leader in developing, building, and operating solar energy assets, with more than 1 GW of solar projects under management. NEC's investment enabled SunEdison to complete development and construction of more than 100 MW of solar assets in Southern California. The Regulus and Adobe projects, now interconnected to the California grid, generate approximately 225,000 MWh of electricity each year, displacing over 100,000 tons of carbon dioxide.

    Technology: Solar PV


  • SunEdison Development II
    Sector: Solar
    Nameplate Capacity: 40 MW
    Location: Southern California

    SunEdison Development II


    Sector: Solar
    Nameplate Capacity: 40 MW
    Location: Southern California
    Transaction Closed: June 2013
    Start-up: Operating, Exited March 2014

    Description: SunEdison is a global leader in developing, building, and operating solar energy assets, with more than 1 GW of solar projects under management. NEC's investment enabled SunEdison to complete development and construction of the Cascade and Orion projects, adding an additional 40 MW of solar assets in Southern California.

    Technology: Industry-standard photovoltaic solar modules.


  • Andersons Albion Ethanol
    Sector: Ethanol
    Nameplate Capacity: 55 MGPY
    Location: Albion, Michigan

    Andersons Albion Ethanol


    Sector: Ethanol
    Nameplate Capacity: 55 MGPY
    Location: Albion, Michigan
    Transaction Closed: September 2005
    Start-up: August 2006, Exited June 2007

    Description: NEC partnered with The Andersons Ethanol Group to bring a 55 million gallon per year corn ethanol facility to operation. This facility is located in the most productive corn growing region in Michigan and supplies ethanol to the Detroit, Toledo, Ontario, and East Coast markets.

    Technology: ICM, the leading ethanol technology company was designer and general contractor


  • Andersons Clymers Ethanol
    Sector: Ethanol
    Nameplate Capacity: 110 MGPY
    Location: Clymers, Indiana

    Andersons Clymers Ethanol


    Sector: Ethanol
    Nameplate Capacity: 110 MGPY
    Location: Clymers, Indiana
    Transaction Closed: February 2006
    Start-up: April 2007, Exited October 2007

    Description: NEC partnered with The Andersons Ethanol Group to bring a 110 million gallon per year corn ethanol facility to operation. The facility enjoys many competitive advantages, including location within highly productive corn growing region, 4 million bushels of on-site corn storage, unit train rail loading and unloading facilities, Norfolk Southern mainline access, and existing grain processing infrastructure. The facility is well located to provide ethanol to east coast and southeastern markets, as well as to supply Chicago, Indianapolis, and Gary, Indiana via truck.

    Technology: ICM, the leading ethanol technology company was designer and general contractor


  • Energy & Power Solutions
    Sector: Cogeneration
    Nameplate Capacity: 6 MW (three projects)
    Location: Massachusetts & California

    Energy & Power Solutions


    Sector: Cogeneration
    Nameplate Capacity: 6 MW (three projects)
    Location: Massachusetts & California
    Transaction Closed: May 2005
    Start-up: Q1 2007, Exited September 2008

    Description: Energy & Power Solutions, a developer of industrial cogeneration systems, developed and constructed three 2 MW natural gas-fired cogeneration projects to provide electricity and thermal energy to Dean Foods dairy processing facilities in Massachusetts and California. The facilities operated at a total efficiency rate more than 50% higher than previous supplies from the grid and on-site boilers, reducing overall costs and greenhouse gas emissions. NEC provided construction and permanent equity financing.

    Technology: GE Jenbacher reciprocating engines and heat recovery system


  • Greenville Steam Co.
    Sector: Biomass
    Nameplate Capacity: 16 MW
    Location: Greenville, Maine

    Greenville Steam Co.


    Sector: Biomass
    Nameplate Capacity: 16 MW
    Location: Greenville, Maine
    Transaction Closed: August 2005
    Start-up: Re-started in Q3 2006 (Refurbishment), Exited December 2010

    Description: The Greenville Steam Co. provided clean, renewable energy in the Northeast. NEC purchased a controlling interest in the facility in 2005 and led the refurbishment and upgrade of the steam plant to reduce plant emissions of nitrogen oxides and greenhouse gases by more than 40%.

    Technology: 1986 biomass facility refurbished with advanced fluidized combustion and control technology.


  • Iroquois Bio-Energy Company
    Sector: Ethanol
    Nameplate Capacity: 40 MGPY
    Location: Rensselaer, Indiana

    Iroquois Bio-Energy Company


    Sector: Ethanol
    Nameplate Capacity: 40 MGPY
    Location: Rensselaer, Indiana
    Transaction Closed: August 2005
    Start-up: January 2007, Exited June 2007

    Description: The Iroquois Bio-Energy Company (IBEC), located in Rensselaer, Indiana produces ethanol from corn grown by local farmers and also produces distillers grains, a high quality feed supplement ideal for the region’s growing dairy industry. Ethanol from the plant is blended with gasoline for use in the transportation sector, stimulating the nation’s farm economy and reducing greenhouse gas emissions. NEC led the development and financing of the project.

    Technology: Construction by Fagen Inc., a leading ethanol plant constructor, using proven ICM technology


  • Mid-Atlantic Biodiesel
    Sector: Biodiesel
    Nameplate Capacity: 5 MGPY
    Location: Clayton, Delaware

    Mid-Atlantic Biodiesel


    Sector: Biodiesel
    Nameplate Capacity: 5 MGPY
    Location: Clayton, Delaware
    Transaction Closed: July 2005
    Start-up: Q1 2007, Exited June 2007

    Description: The Mid Atlantic Biodiesel (MAB) plant was designed to produce biodiesel from multiple feedstocks. NEC made a minority equity investment in the project.

    Technology: Plant built by Fagen using De Smet Ballestra technology, a world leader in oil and fats technology that has built large biodiesel plants in Europe.