In December 2021, Geenex Solar, a utility-scale solar developer focused on the PJM region in US, secured an undisclosed amount of financing from New Energy Capital to accelerate expansion into new markets
In May 2021, Horne Brothers Construction, a developer of solar projects was acquired by Pine Gate Renewables, via its financial sponsor New Energy Capital, through a $60 million LBO
In May 2020, Hecate Energy, via its financial sponsor New Energy Capital formed a joint venture with Independent Power. The name of the JV is Hecate Independent Power which is based in London, UK and is a provider of renewable energy project services
In December 2019, New Columbia Solar, a developer of solar energy projects received $10 million of development capital from New Energy Capital. The funding was used for additional staffing and the development and operation of 100 to 150 solar projects
In November 2018, SunEast Development, a developer and manager of clean energy projects received an undisclosed amount of development capital from New Energy Capital. The funds was used to support the continued development of a 105 MWAC solar portfolio acquired by SunEast in June 2018, and further accelerate the company’s solar development and acquisition efforts in the eastern US
In July 2017, Southern Current, a developer and installer of solar utility systems received an undisclosed amount of development capital from North Sky Capital, MMA Capital Management and New Energy Capital. The funding was used for project financing
In June 2016, Bluewave Barrett Project, a 16.5MW photovoltaic community solar project was acquired by Morgan Stanley, New Energy Capital and MMA Energy Capital through an LBO. Avidia Bank provided loan financing to support the transaction
In May 2014, Cypress Creek Renewables acquired FLS Energy, via its financial sponsor New Energy Capital, through an LBO for an undisclosed sum
