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Year Founded: 2005

AUM: $0M | Dry Powder: $487M

5 Greenwich Office Park 2nd Floor Greenwich, CT 06831 US

Lotus Infrastructure, previously known as Starwood Energy Group, is a private equity firm founded in 2005 and is based in Greenwich, Connecticut. The firm specialises in energy infrastructure investments, with a focus on renewables, power generation, transmission, storage, and midstream and downstream sectors in North America

Key Contacts

  • Himanshu Saxena

    Chief Executive Officer & Chairman

  • David Arbia

    Managing Director & Chief Financial Officer

  • Alex Daberko

    Managing Director

Investment Preferences

  • Preferred Industries


  • Geographical Preference

    North America

  • Preferred Deal Types

    Buyout/LBO, PE Growth/Expansion

  • Other Investment Preferences

    Prefers majority stake, Seeks Impact investments, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Starwood Energy Infrastructure Fund III
Vintage: 2018

Size: $1.2B

Dry Powder: $422.2M 

Details: It targets energy, infrastructure, oil and gas sectors and prefers investment ranging from $50 million to $200 million

Energy Infrastructure Fund II
Vintage: 2013

Size: $983M

Dry Powder: $38.7M

Details: The fund invests in wind, solar, natural gas & other power generation & transmission assets

Energy Infrastructure Fund
Vintage: 2008

Size: $433M

Dry Powder: $11.2M

Details: The fund targets impact investing in energy and infrastructure sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In September 2022, Radial Power was formed as a joint venture between Starwood Energy Group and energyRe. Radial Power will seek to deliver portfolio-wide distributed clean energy solutions to large real estate and C&I asset owners, delivering cost savings and thereby helping to facilitate North America’s energy transition

In August 2022, Starwood Energy and TS Conductor formed a $100 million joint venture, namely, Gridline Finance InvestCo, LLC. The joint venture will allow an innovative method for financing grid modernization, including reconductoring existing lines and building new lines, to accelerate the energy transition and integrate more renewable generation

In March 2022, Starwood Energy Group acquired a 50% stake in Innergex Renewable Energy’s Shannon Wind facility for an undisclosed amount. Shannon Wind facility consists of a portfolio of wind facilities focused on energy production from a renewable source

In September 2021, BerQ RNG, a developer of renewable natural gas projects was acquired by Starwood Energy Group through an LBO, for an undisclosed sum

In June 2021, Starwood Energy Group acquired portfolio of renewable assets from Con Edison Development for an undisclosed amount. The transaction was supported by $68.4 million debt financing in the form of loan from CIT Group. The portfolio consists of a 150MW solar plant and an adjacent 25MW battery storage facility

In December 2020, Starwood Energy Group acquired a 150MW wind farm in Lincoln County, Colorado, through an LBO, for an undisclosed sum

In July 2019, Starwood Energy Group acquired a portfolio of 2 contracted power plants, Garrison Energy Center & RockGen Energy Center from Calpine Corporation through a $360 million LBO. The portfolio consists of dual-fuel power plants with a capacity of 325MW and 503MW that are located in the Eastern Mid-Atlantic and the midcontinent independent system operator (MISO) regions

In November 2018, Starwood Energy Group acquired a 545MW, periodic-start, combustion-turbine generation station through a $144 million LBO. The West Lorain Power Plant is located across 500 acres in Lorain, Ohio and contains seven combustion turbines, two heat-recovery steam generators and a steam turbine generator

Other Details

Founded in 2005, Lotus Infrastructure Partners specializes in energy infrastructure investments, with a focus on power generation, transmission, storage, and related projects. The company has raised in excess of $3 billion of equity capital and has executed transactions totaling more than $9 billion in enterprise value, inclusive of approximately $3 billion in enterprise value related to the development and construction of renewable assets such as wind farms, solar farms, RNG projects, energy storage, and biomass power plants.

The firm’s focus areas include renewable power generation, battery storage, renewable and low-carbon fuels, electric transmission, thermal power, and midstream and downstream assets. Lotus Infrastructure’s equity investments typically range from $50 million to $200 million. The firm’s latest open fund is Starwood ERE Co-invest.

Abengoa, Ares EIF Group, Cate Street Capital, BlackRock, Frist Capital, J.H. Whitney Capital Partners, Nautilus Solar Energy, Post Oak Energy Capital, Quarry Capital Management, Roccia Partners, Temasek Holdings, United Business Media, VantagePoint Capital Partners are some of the co-investors who invest alongside Lotus Infrastructure.

Source: Pitchbook, Company Website, Press Release