A few more billion in new US & Europe clean energy funds... LS Power closes oversubscribed fund V at $2.7B To date, Fund V has invested or committed approximately $1.6 billion across renewable and gas-fired generation, renewable fuels, and green hydrogen, with an extensive pipeline of additional opportunities. Recent investments include the announced acquisition of Algonquin Power & Utilities Corp.’s North American renewable energy business, comprised of 3 GW of operating projects and an 8 GW development pipeline spanning 12 states, 4 provinces, and 5 U.S. power markets. Investors in Fund V include some of the world’s leading pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, and family offices, among others. Norway's sovereign wealth fund commits €900M to CIP renewables fund Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has committed to investing €900 million in Copenhagen Infrastructure Partners’ (CIP) fifth flagship fund which is focused on offshore and onshore wind, solar farms, grid and distribution, and energy storage. The investments will be equally split between three regions -- North America, Western Europe, and developed countries in the Asia Pacific region. The investment vehicle, which targets €12 billion, seeks to become the largest dedicated greenfield renewable energy fund in the world. Zurich-based VC firm redalpine closes a new record fund of over €179M The firm is recognized for funding category leaders across a wide range of sectors, including AI, biotech, fintech, and energy, and for being the first backer of unicorns like Taxfix and N26. The new fund will target 15-20 early-stage companies across Europe. RAC VII has already made investments in nine companies, including Proxima Fusion (Germany), a spin-off from the Max Planck Institute for Plasma Physics focusing on clean energy production through fusion technology; LegalFly (Belgium), an AI copilot transforming legal workflows; and ExpressionEdits (UK), a gene-editing company streamlining the development of life-saving therapies. Great to see that recent economic headwinds hasn't deterred significant new funding from the clean energy and climate tech space. Links to sources in the comments. #cleanenergy #climatetech #renewables #infrastructure #venturecapital
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NextEnergy Capital is pleased to announce that its latest international OECD fund, NextPower V ESG (“NPV ESG”), has acquired a c.50MW portfolio of solar farm projects in Poland from a group company of Grenevia. This c.50MW solar portfolio acquisition marks NPV ESG’s third closed investment within three months, following a c.100MW solar project in the USA, and a 66MW CfD portfolio in Europe. NPV ESG’s portfolio has been significantly built out during the last six months, committing to 116MW of operational solar assets and 100MW of solar assets currently under construction with a further approx. 400MW in exclusivity and expected to be transacted this quarter. To date, NPV ESG has secured $745 million (including $150 million for co-investments) and continues to build on its positive fundraising momentum with a number of investors around the globe currently in due diligence and the team continues to raise towards NPV ESG’s target of $1.5 billion ($2 billion hard cap). Aldo Beolchini, NextEnergy Group's Chief Investment Officer and Managing Partner, said: “We are delighted to announce this latest acquisition for NPV ESG, which again demonstrates NextEnergy Capital as a market leader in the solar space with over 110MW of capacity added to NPV ESG over the last ten weeks. The Investment team continues to make significant progress in deploying capital into new attractive projects and we look forward to welcoming new investors into the future.” Antonio Salvati, Managing Director NextPower V ESG at NextEnergy Capital, quoted: “We are very pleased with the acquisition of our second Polish portfolio. Poland continues to be an excellent market backed by strong government support, power prices, and stalwart counterparties furthering our capacity to generate long-term stable cashflows. "This c.50MW acquisition is yet another milestone achieved by the NPV ESG Investment team and signifies our enduring commitment to the solar+ infrastructure space, driving increasing returns for our investors and our mission to lead the transition to clean energy.” Read the full PR through the link: https://lnkd.in/d93G5UN | #investmentclose | #solarinvesting | #cleanenergy | #solar | #esginvesting | #solarspecialist | #solarpv | #energysecurity | #energytransition | #NextisNow |
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We recently provided essential funding to support our partner, and green energy specialists, Ampergia, to deliver solar PV at Leyton Orient Football Club. It's an impressive project, already delivering significant savings of 40% on LOFC's energy bills! Our Head of Commercial, Ryan O'Connell O’Connell, said: “The LOFC project progressed smoothly from start to finish. Ampergia’s exceptional execution, paired with the club’s forward-thinking, ensured the installation was completed on time, delivering impressive results and energy savings. This collaboration shows how ambitious sustainability projects can succeed with the right partners and financial support.” #SolarPower #SolarPV #GreenPartnerships #FootballGoesGreen
We were delighted to partner with Horizon Energy Ventures, who are specialist finance providers in sustainable infrastructure. They assisted us earlier this year, enabling the security of the Leyton Orient Football Club (LOFC) solar project where the investment had shown a huge positive impact in their club’s energy bill savings of 40%. This partnership highlights the power of collaboration in overcoming financial hurdles and working one step closer together to meet net-zero targets. We are looking forward to more potential opportunities to collaborate with Horizon Energy Ventures! Take a look at the latest news story in the Insights Section on Horizon Energy Ventures website: https://lnkd.in/ext5VBrw Image credit: Solar panels in situ at LOFC. Image captured on a site visit by Horizon Energy Ventures. #RenewableEnergy #SolarPower #GreenPartnerships #FootballGoesGreen
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NextEnergy Capital has secured £625 million of total funds committed to date for NextPower UK ESG (NPUK) after securing new backing from a 'large UK defined benefit scheme'. NPUK is currently in the fundraising process and aims to reach a hard cap of £1 billion, with 'several investors currently in late-stage due diligence and further capital expected to be closed in the following months'. NPUK has a remit to acquire utility-scale solar and BESS assets at the ready-to-build stage, before bringing into construction and operation. Once the assets are operational, NPUK monetises its power sales through a fully contracted strategy. “We are delighted to mark yet another significant milestone with NextPower UK ESG, and I am proud to announce that a UK defined benefit scheme has joined us, bringing the total funds committed to over c.£625 million, which is 25% above the target of £500 million," said Michael Bonte-Friedheim, NextEnergy Group CEO and Founder. "This is a testament to NextEnergy Capital’s leadership in the solar energy sector. As a private new-build solar strategy that focuses on acquiring utility-scale solar assets at the ready-to-build stage in the UK, NPUK investors benefit from the market leading expertise we bring alongside our hands-on approach to value creation and asset optimisation.” Since its launch in August 2022, NPUK developer a portfolio of ten assets with a capacity of 497 MW. NPUK aims to launch construction work on several more assets and reach operations in Q2 and Q3 2024. “Since its inception in August 2022, NPUK has demonstrated solid progress, and has already distributed strong dividends to our investors while showcasing significant NAV," noted Shane Swords, Managing Director and Head of Investor Relations at NextEnergy Capital. "This success is underpinned by a large pipeline and swift capital deployment, which commenced just seven weeks after the fund’s first close, with the fund now having nearly 500MW. The Fund will provide clean energy generation for approximately 500,000 UK households annually. "All NEC Funds are experiencing strong fundraising momentum, which can be attributed to our track record, lengthy experience in the sector and the value that investors are now attributing to specialist managers.” #cleanenergy
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Our USP is very different from most other tidal energy companies, and we believe our offering is expanding the envelope of what’s currently available in the sector. This short snippet explains Flex Marine Power’s place in the tidal sector. We’re still open on Crowdcube but our round (EIS eligible) will close shortly. Join us, and the new wave of tidal energy, from £10.14 below https://lnkd.in/ey_2e5gh #tidalenergy #cleanenergy #renewableenergy #sustainability #sustainableinvestment #crowdfunding #EIS #investment #raising #renewables #ESG Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.
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Too many renewable energy investment options? Now that’s the kind of dilemma the planet loves! 🌎😜 Private equity funds are making major moves in the renewable energy sector, with a staggering $15 billion flowing into clean energy projects globally. ⚡️ PE giants like Apollo, KKR, Carlyle, and Brookfield are seizing the opportunity to invest in solar, wind, and energy storage technologies, driven by both the promise of strong returns and the growing demand for sustainable investments.💰 These firms are not only backing large-scale infrastructure projects but are also pushing the renewable energy industry forward with innovation, tech integration, and a focus on carbon credits 🤝 Our commitment to impactful, scalable renewable energy projects aligns perfectly with the goals of these investors. As more PE funds embrace clean energy, the world moves closer to a sustainable, low-carbon future. 🌱 PS: At WElink, we have an ambitious pipeline of Solar and Wind! 🙂 #PrivateEquity #RenewableEnergy #ImpactInvesting #Apollo #KKR #Carlyle #Brookfield #CleanEnergy #GreenInvestments #CarbonCredits #Sustainability #WElinkGroup
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NextEnergy Capital is pleased to announce that NextPower UK ESG has successfully energised its third utility-scale solar asset, Pentlow (Essex, 24MW), increasing NPUK’s operating capacity to 139MW. To date, NPUK has a diversified portfolio of ten UK utility-scale solar assets with a capacity of 497MW. The success of NPUK is in part attributable to the swift deployment of capital which started just seven weeks after the fund’s first close with the acquisition of two operational seed assets, Llanwern, (South Wales, 75MW), and Strensham (Worcestershire, 40MW). NPUK continues to actively fundraise towards its hard cap of £1bn having successfully secured total funds committed to date of £625m, 25% above its target of £500m. Michael Bonte-Friedheim, NextEnergy Group's CEO and Founder, said: “I am delighted that the NPUK portfolio continues to deliver solid progress, Pentlow is a fantastic asset that has been energised on time to become the Fund’s third operating solar asset. "The UK currently has c.16GW of operational utility-scale solar deployed of which NextEnergy Capital Funds account for over 1GW. I look forward to seeing further progress across the portfolio as NPUK’s other assets continue on their journey to energisation and become a significant part of the UK’s clean energy mix.” Ross Grier, COO and Head of UK Investments, NextEnergy Capital, commented: “NPUK’s portfolio now has in excess of 75% of its total capacity of 497MW in either operational or construction phase, this is a huge achievement for a Fund which started its life less than two years ago. This further demonstrates the strength and skill set of the team driving NPUK forward as the Fund continues to deploy investor capital at pace and bring new high-quality assets online whilst paying attractive annual distributions to investors.” Read more through the link: https://lnkd.in/d93G5UN | #uksolar | #ukinvesting | #infrastructureinvesting | #esginvesting | #decarbonisation | #solarspecialist | #solar | #energytransition | #nextisnow |
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GREEN GENIUS, part of Modus Group, is set to receive up to €100 million in equity investment from the EBRD to support the company’s renewables expansion plans. The new investment will bolster Green Genius’ strategy to develop over 2 GW of renewable energy capacity across its target markets in the Baltics, Poland, Romania, and more. “Partnering with the EBRD not only supports the company’s climate action initiatives but also strengthens Green Genius’ governance, ESG, and supply chain management policies,” remarked Rokas Bancevičius, CFA, CFO of Green Genius. Tomas Kairys, the EBRD’s Head of the Baltic States, added: “This is a landmark transaction for the EBRD in the Baltic States, exemplifying our commitment to long-term partnerships and continued support for the region." The investment from the EBRD represents the bank’s largest equity commitment to a single company in the Baltic States. “Promoting renewable energy is central to EBRD objectives, and enhancing energy security remains a key priority for the Baltic States,” noted Grzegorz Zielinski, the EBRD’s Head of Energy Europe. “There is no better way to achieve these goals than by partnering with an existing client from our countries of operations, with whom we have successfully delivered numerous projects over the past decade." Green Genius aims to use the new funds to develop and acquire renewable energy projects across its targe markets. Green Genius has developed 2.7 GW of renewable energy projects across Europe and has completed 549 MW to date, including solar, wind, battery, and biomethane solutions. #cleanenergy
Green Genius secures €100 million equity commitment from EBRD
https://cleanenergypipeline.com
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🤩This is most exciting thing I’ve ever done 🚀 We're excited 🤩 to announce that Offshore Solar is seeking investment to accelerate our growth🚀 in UK🇬🇧 , Europe 🇪🇺and USA🇺🇸. Download & Check out 👀 our Investor Presentation attached 🧐 Our innovative 💡floating offshore 🌊solar ☀️technology has the potential to revolutionise the way we generate clean energy⚡️, freeing up land while utilising lower-cost seabed rent for more economical sustainable energy production. With a key commercial goal at the core of our development, we're equally committed to creating a positive environmental 🐟🐠🐡 impact with every floating offshore solar array we install. Each array will contribute to biodiverse marine life by growing seaweed beds 🫧under the arrays. We're seeking 👍 £600k to match fund and co-lead with our current committed investor, Enerfip Group. This investment 💰will allow us to expand our product offering and deploy our systems 👨🏭⚙️in key markets🌍🌎🌏. We are pleased 😀 to offer an opportunity for early-stage investment 📈through an Advanced Subscription Agreement (ASA). We are seeking three to four Angel Investors to join us, bringing not only their capital 💵💷💶but also their valuable experience and insights💡. If you're interested in learning more about our patent-pending technology and investment opportunities, please reach out to me at ⬇️ paul.hetherington@offshoresolar.co.ukor our CEO, Sean McNeill at sean.mcneill@offshoresolar.co.uk #OffshoreSolar #CleanEnergy #Innovation #InvestmentOpportunities
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Alantra is pleased to announce that its €210mn late-stage VC energy transition fund, Klima, has completed its seventh investment, participating in a $27.2mn Series B investment round for EV charging solutions provider SWTCH based in Toronto and founded by Carter Li. The round was led by Blue Earth Capital AG. Additional Series B investors include Active Impact Investments and Giga Investments. This new funding will enable SWTCH to accelerate charging in multi-tenant buildings, following a tenfold increase in the company’s charging network since its Series A, and advance its innovative EV charging and integrated energy management solutions for real estate customers. Manuel Alamillo, Managing Director of Klima, said: “We believe the multifamily housing market in North America is under-served with EV charging infrastructure. SWTCH’s capital-efficient, building-integrated model is the best we have seen in this space. We are proud to support SWTCH’s expansion, enabling them to enhance the EV charging experience for both drivers and property managers.” Following the investment in GridBeyond announced earlier this week, the investment in SWTCH is Klima’s second investment in 2024. With an internationally diversified portfolio and as co-investor alongside globally well-known companies and institutions, Klima is solidifying its presence in the global VC arena. Backed by Alantra and Enagás, as cornerstone investors, and by the European Investment Fund (EIF), Axis INSTITUTO DE CREDITO OFICIAL, and CPP Investments | Investissements RPC, amongst others, Klima partners with companies located in Europe and North America that have high growth potential in sectors such as smart power grids and markets, energy storage and technologies. 👉 Read more: https://lnkd.in/dc6uHTMp #AlternativeInvestments #EnergyTransition #EVChargingInfrastructure
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SUSI Partners has secured a €25 million commitment from the European Investment Fund (EIF) for its SUSI Energy Efficiency & Transition Credit Fund (SEETCF). The investment aims to leverage SUSI’s extensive experience in financing energy efficiency and energy transition solutions at scale. Marjut Falkstedt, Chief Executive of the EIF, commented: “The EIF, with the backing of the InvestEU programme, is delighted to be able to contribute to SEETCF, which carries out specialist financing to accelerate decarbonisation in all segments of the economy. “This is closely aligned to the main priorities of both the EU and the EIB Group – namely, accelerating the energy transition in Europe by attracting more private investment into this field.” Launched in 2022, SEETCF is the third fund in SUSI’s credit series and features an investor base that includes European institutional asset owners, such as pension funds, insurance companies, and other private and public investors. SEETCF’s focus on energy efficiency and transition solutions delivered by small and mid-sized companies aligns well with the EIF’s mandate. SUSI’s network of approximately 60 energy service companies and project originators will further support the fund’s mission of delivering positive climate impact, as classified under SFDR 9. To date, SUSI Partners has invested approximately €700 million in “as-a-service” energy transition solutions through its senior-secured, asset-backed financing. The solutions address a wide range of energy transition needs, including industrial decarbonisation, deep building retrofits, LED streetlighting, smart meters, and solar PV self-consumption. #cleanenergy
SUSI Partners Secures Commitment from European Investment Fund
https://cleanenergypipeline.com
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3moLS Power: https://www.lspower.com/ls-power-closes-oversubscribed-fund-v-at-2-7-billion/ CIP: https://renewablesnow.com/news/norways-sovereign-wealth-fund-commits-eur-900m-to-cip-renewables-fund-867001/ Redalpine: https://www.eu-startups.com/2024/08/zurich-based-venture-capital-firm-redalpine-closes-a-new-record-fund-of-over-e179-million/