Strategies
InfrastructureInfrastructure
NextPower II ("NPII") is a private fund made up of 105 individual operating solar power plants and an installed capacity of 149MW, focused on consolidating the substantial, highly fragmented Italian solar market. NPII was successfully divested in January 2022, a 2016 vintage vehicle that generated net IRRs in excess of its gross target of 10-12%.
Energy Transition
InfrastructureInfrastructure
NextPower V ESG (NPV) is NEC’s fifth investment vehicle focused on the solar sector and is targeting capital commitments of $1.5 billion with a $2 billion ceiling. NPV ESG offers investors the opportunity to earn attractive risk-adjusted returns from the solar PV infrastructure asset class, targeting mid double-digit returns while contributing to the decarbonisation of the power generation sector, reducing electricity prices and increasing energy security. NPV ESG primarily invests in OECD solar assets and adjacent technologies, such as energy storage, by focusing on geographies in which NEC has already built an investment track record and operating presence and expertise. NPV ESG is a 10-year closed ended vehicle that qualifies as an Article 9 Fund under the EU SFDR.
Energy Transition
InfrastructureInfrastructure
NextPower III ESG ("NPIII") is a private fund exclusively focused on the international solar infrastructure sector, principally targeting projects in carefully selected OECD countries, including the US, Portugal, Spain, Chile, Poland and Italy. NPIII is a fund that provides a positive social and environmental impact to the countries it has and will invest into. NPIII completed its fundraise with a total of $896m, including an SMA raised. The target of the fund was $750m. The fund is classified as Art 9. Under EU SFDR (2019/2088).
Energy Transition
InfrastructureInfrastructure
Shortly after NextEnergy Capital's foundation in 2007, we invested our own capital into developing a number of solar power projects in Italy and the UK. In 2008 we raised an investment vehicle (NextPower I) to construct and operate 14 of these solar sites for c25MWp of installed capacity. The total capital invested by us, together with third party equity partners and bank debt financing in the 14 sites, amounted to €130 million. Between 2008 and 2011 we also developed and subsequently divested a further 30 solar sites in Italy.
Energy Transition
InfrastructureInfrastructure
NextPower UK ESG ("NPUK ESG”) is a private unlevered fund investing in greenfield subsidy-free solar projects, with PPA’s, in the UK. NPUK ESG is a 10-year closed-ended private fund launched in December 2021 targeting £500m. To date, NPUK has raised total commitments of £733m exceeding its target within six months of first close, with the UK Infrastructure Bank providing cornerstone match-funding of £250m. The fund is classified as Art 9. Under EU SFDR (2019/2088).
Energy Transition
Other managers
Excelsior Energy Capital
Excelsior, United StatesExcelsior Energy Capital is a pure-play renewable energy infrastructure fund focused on long-term investments in operating wind, solar power plants, and battery storage in North America. The Excelsior Energy Capital team has a proven track record, as a group executing over $2.5 billion of equity investments across 2 GW of operating wind and solar projects. The team brings a comprehensive set of financial, legal, strategic and operational expertise – making Excelsior Energy Capital a valuable partner for developers and operators, and a trusted manager for investors.
Wind, solar, and battery storage is at last an established asset class. Technology efficiencies and installed costs have evolved to a point where wind and solar plants can compete with conventional generation such as natural gas and coal. Long-term federal tax policy and increasing state-level renewable portfolio standards are further supporting industry growth. As a result, installed capacity is expected to double as U.S. solar and wind project installations are forecasted to grow by over 120 GW by 2021 according to Bloomberg New Energy Finance. There is now extensive inventory of attractive assets presenting stable investments for institutional investors.
infrastructure
Sandbrook Capital
Stamford, Connecticut, United StatesWe are a private investment firm dedicated exclusively to building businesses that help transform the world’s energy infrastructure. By partnering with courageous entrepreneurs that share our drive to fight climate change, we create impactful companies that move us closer to a net-zero world and deliver strong returns for our investors.
Our founders have each accumulated decades of experience operating, funding, and supporting climate infrastructure companies. They have worked together for over 14 years to formulate and refine a shared investment philosophy that has supported the growth of industry leaders such as Pattern Energy, Enviva Biomass, Silver Ridge Power, and SeaJacks Ltd. In 2021, this partnership evolved into Sandbrook Capital – a firm built from the ground up to help exceptional entrepreneurs tackle the greatest challenge of our time.
infrastructure
True Green Capital Management LLC
Westport, CT, United StatesTrue Green Capital Management LLC (“TGC”) is a specialized renewable energy infrastructure fund manager with a focus in distributed power generation in the US and Europe. The Firm is international with offices in Westport, Connecticut in the US and London in the United Kingdom.
Founded in July 2011, TGC is led by a team of professionals with a proven track record and a demonstrated capacity to originate, finance, construct, and operate distributed renewable power generation projects.
TGC believes the demand for power, the continued increase of power prices, decreasing entry costs of distributed power generation technology and the efficiency of creating and delivering price-competitive electric power at the source will continue to lead to compelling investment opportunities which provide a stable cash flow stream with low correlation to the broader markets.
TGC is currently focused on investing in the US, the United Kingdom, and the EU, which account for a notable portion of the approximately $1.5 trillion global distributed power generation market, with an emphasis on the sub-utility scale solar power segment.1 Thanks to power industry deregulation combined with rapid advancements in technology, the economics of distributed power generation, including solar and batteries, are now competitive with traditional electricity generation sources. In many US states and key European jurisdictions, it represents one of the few sources of new power generation infrastructure that can be added to the power network quickly, reliably, and cost efficiently.
To date, TGC has invested into a distributed solar power generation portfolio across 18 US states, the United Kingdom and France, delivering clean, renewable energy. US states include California, Colorado, Connecticut, Delaware, Idaho, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, and Virginia.
infrastructure
Energy Infrastructure Partners
Zurich, SwitzerlandA leading investor in the global energy transition, Energy Infrastructure Partners manages assets for institutional investors. With more than a decade of experience and three fund generations, we offer investors long-term returns and the chance to make tangible contributions to the energy transition through private equity investments.
infrastructure
NGP Energy Technology Partners
Dallas, Texas, United Statest is undeniable that energy is an essential part of modern life. For over 34 years, NGP has been a pioneer in the North American energy industry—always keeping an innovative eye on the future.
At our core, we are energy investors and business builders. Our investments have fostered entrepreneurship, driven innovation, created jobs, advanced U.S. energy security, and supported the critical missions of our stakeholders. Today, we are one of the most trusted private equity energy investors.
Our strategy has evolved to a changing energy environment. We have supported hundreds of businesses across upstream, midstream, renewables and energy technology. We have served as good stewards of capital while developing and sustaining an ecosystem that supports all solutions that strengthen the energy sector.
In a time of historic change, our vision is to apply our collective expertise in natural resources and energy transition to identify opportunities to accelerate advances to meet the world’s energy needs.
It’s a vision that is Moving Energy Forward.
infrastructure
Pegasus Capital Advisors
Stamford, United StatesPegasus is a leading global private markets impact investment manager focusing on sustainability and health. As the first U.S. private equity fund manager accredited by the Green Climate Fund, we are dedicated to fostering sustainable growth while providing attractive returns for our investors. Founded in 1996, Pegasus has invested over USD 2.6 billion across five private equity funds
private equityinfrastructuregrowth
Temporis Capital
London, United KingdomWe are a specialist investment manager generating a positive and measurable impact on reducing the effects of climate change, in alignment with the UN’s Sustainable Development Goals. We invest across asset classes to bring our clients what we believe to be the best ideas in renewable energy and clean technology, aiming to combine strong financial returns with environmental and social benefits. Temporis Group ("Temporis") manages c. $720 million* of AUM, as of 30 June 2024.
infrastructure
STAR Capital
London, United KingdomSTAR Capital is a private equity firm focused on developing strategic asset-based businesses in Western Europe.
Established in 1999 and primarily investing in businesses with an enterprise value of between €50 million and €1 billion, our strategy is focused on businesses characterised by strategic qualities that provide strong downside protection.
buyoutprivate equity
NextG Investment
Seoul, South KoreaNextG Investment
private equitysecondary
Low Carbon
London, United KingdomLow Carbon creates renewable energy to fight climate change. We’re building a global net-zero energy company that will power tomorrow and protect the planet for future generations.
Low Carbon was established in 2011 with one goal in mind: to make the biggest contribution possible in the fight against climate change. The aim is to make a defining contribution to the historic effort to move the world to 100% renewable energy.
Low Carbon are a long-standing certified B-Corporation, and recognized as Gold Standard for their environmental impact. Low Carbon’s climate ambitions are to become one of the world’s first major net-zero energy companies and to have created 20GW of new renewable energy capacity by 2030.
Low Carbon is on a mission. Together, we will power tomorrow.
infrastructure