Investment Summary

New Energy Capital Partners and EverStream Capital Management Invest In SunEdison

On September 30, 2013, asset manager New Energy Capital Partners and infrastructure investor EverStream Capital Management invested in renewable energy company SunEdison

Investment Highlights
  • This is New Energy Capital Partners’ 2nd and EverStream Capital Management’s 1st transaction in the Renewable Energy sector.
  • This is New Energy Capital Partners’ 3rd and EverStream Capital Management’s 1st transaction in the United States.
  • This is New Energy Capital Partners’ 1st and EverStream Capital Management’s 1st transaction in Montana.

Investment Summary

Date 2013-09-30
Target SunEdison
Sector Renewable Energy
Investor(s) New Energy Capital Partners
EverStream Capital Management
Deal Type PIPE

Target

SunEdison

St. Peters, Montana, United States
website
SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services.

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Investor(S) 2

Investor

New Energy Capital Partners

Hanover, New Hampshire, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

New Energy Capital is a private investment firm focused on acquiring and investing in renewable energy projects. New Energy looks for controlling interests in biomass, including landfill gas and animal waste-to-energy projects; combined heat and power projects at commercial and industrial facilities; and ethanol and biodiesel projects. New Energy looks for North American opportunities requiring $20 to $200 million of capital. New Energy Capital is based in Hanover, New Hampshire.


DEAL STATS #
Overall 3 of 9
Sector (Renewable Energy) 2 of 5
Type (PIPE) 1 of 1
State (Montana) 1 of 1
Country (United States) 3 of 9
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-29 FLS Energy

Asheville, North Carolina, United States

FLS Energy, Inc. is a full service solar energy provider that owns and operates a portfolio of solar energy assets throughout the U.S. FLS development team takes projects from conception to commissioning and offers complete in-house system design, engineering, construction, financing and turnkey project development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 Ygrene

Petaluma, California, United States

Ygrene is a provider of residential, multifamily, and commercial property assessed clean energy financing. The privately funded YgreneWorks program provides immediately accessible financing with no upfront payments for energy efficiency, renewables, water conservation, and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene was formed in 2010 and is based in Petaluma, California.

Buy -
DESCRIPTION

EverStream Capital Management is a global asset management firm that invests in energy and power infrastructure with a primary focus on solar energy. The Firm makes equity and equity-linked investments in energy infrastructure projects with proven and reliable technology and strong visibility into revenues. EverStream Energy Capital Management was formed in partnership with SunEdison and has offices in Excelsior, Minnesota and San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (PIPE) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1