Aug 13 2010
New Energy Capital Partners, an experienced investor with exclusive focus on clean energy as well as cleantech projects, has established a second generation fund termed as NEC Cleantech Infrastructure Fund LP, with a capacity of investing $100 million.
This fund has been created with the partnership of CleanTech Alliance Fund which is likely to co-invest with NEC in various projects that provide attractive returns as well as create jobs in the U.S.
New Energy Capital Partners has its focus on providing equity for small as well as midsized projects that utilize clean water, proven clean energy as well as waste management technologies. Since 2004, the firm has been investing in renewable energy as well as energy efficiency projects.
This new fund aims at capitalizing upon the combination of the latest low-cost commercial technologies, the regulatory and economic incentives that are associated with environmental and renewable energy projects along with the requirement for ancillary infrastructure towards supporting the increased renewable energy penetration in the U.S.