New Energy Capital Partners closes US$500m energy infrastructure fund
New Energy Capital Partners, LLC has held financial close for the New Energy Capital Infrastructure Credit Fund II, its fifth private equity fund and second fund focused exclusively on credit opportunities.
The total capital commitments have reached the hard cap of US$500 million, which exceeded NEC's initial target of US$400 million. Capital contributions for the Fund came from a diverse mix of institutional and other investors, including endowments, foundations, insurance companies, pension plans, health systems, and family offices.
NEC plans to use this capital to continue to invest across clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water.
Country updates
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February 08, 2019
ExxonMobil and Qatar Petroleum to proceed with US$10 billion LNG project in Texas
ExxonMobil and Qatar Petroleum have announced a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas.
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February 08, 2019
7X Energy sells 100-MW solar project in Texas to Duke Energy
7X Energy has announced the sale of the 100-MW Lapetus Solar Energy Project in Andrews County, Texas to Duke Energy Renewables. 7X, the original owner and developer, will transition the last sta...
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February 08, 2019
Sempra Energy completes sale of natural gas assets to ArcLight Capital Partners
Sempra Energy has announced that it has completed the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners for US$328 million in cash, sub...
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February 08, 2019
Ørsted and Eversource enter 50-50 partnership agreement on offshore wind projects in US
Ørsted and Eversource have announced that they have entered into a 50-50 partnership for key offshore wind assets in the Northeast. Eversource is paying approximately US$225 million for a 50 pe...
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February 07, 2019
Blackstone Infrastructure Partners agrees to acquire controlling stakes in Tallgrass Energy
Blackstone Infrastructure Partners has entered into an agreement with affiliates of Kelso & Co., The Energy & Minerals Group, and Tallgrass KC, a unit of Tallgrass Energy (TGE), to a...
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