17 August '10
6:34 AM UTC
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  Funding

Energy Capital Partners Closes $4.35 Bln Fund [UPDATE]

Short  Hills, N.J.-based Energy Capital Partners has raised $4.35 billion for its second fund, Energy Capital Partners II. The firm plans to invest fund proceeds across the whole energy spectrum, including renewables but also conventional power generation as well as electric transmission and in midstream gas assets. Read More »

17 February '10
10:22 AM UTC
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  Solar

NextLight Signs PPA with NV Energy For 50 MW Solar Project

Nevada power utility NV Energy has agreed as part of a 25-year power purchase agreement (PPA) to buy the output of NextLight Renewable Power’s 50-megawatt Silver State Solar Power photovoltaic facility, located near Primm, Nev. Read More »

16 October '09
4:06 PM UTC
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  Solar

PG&E Signs 230-MW PPA With NextLight Renewable Power

Picture 3 Pacific Gas and Electric (PG&E), the San Francisco utility and one of the country’s leading buyer of solar and wind power, a long-term power purchase agreement with NextLight Renewable Power for the output of its 290 megawatts Agua Caliente solar project in Arizona.

Construction on Agua Caliente, located in Yuma County, will start next year. The plant is set to begin operating in 2014.

That’s the second PPA PG&E inks with NextLight. In June the investor-owned utility agreed to buy the output of NextLight’s 230 megawatts, AV Solar Ranch 1 project, a PV facility being developed in Los Angeles County’s Antelope Valley.

NextLight is backed by Energy Capital Partners, a clean energy-focused private equity fund based in Short Hills, N.J., founded by former Goldman Sachs energy banker Doug Kimmelman.

27 February '09
4:03 PM UTC
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  Funding

Macquarie to raise second cleantech fund

Macquarie Funds Management, a unit of Australian financial services firm , is looking to raise $400 million for a second cleantech fund — of — funds, writes PeHUB, citing VentureWire, a DowJones News publication.

Yesterday, GER reported on Energy Capital Partners looking to raise $3.5 billion for a second energy fund. For more on this, see here.

26 February '09
11:36 AM UTC
No Comments
  Funding

Energy Capital Partners to raise $3.5 bln for second energy fund

, the Short Hills, N.J.-based energy-focused private equity fund is raising up to $3.5 billion for its second fund, reports PeHUB, citing a regulatory filing. Doug Kimmelman, formerly a top utility analyst at Goldman Sachs, launched ECP in 2005.

Park Hill Group and Bel Air Securities are serving as placement agents for the fund. ECP focuses on North American energy infrastructure opportunities in the power generation, renewable, electric transmission and midstream gas sectors. It closed its first fund in 2006 with $2.25 billion.

Energy Capital Partners renewable investment portfolio includes NextLight Renewable Power, a San Francisco-based developer of utility-scale solar-generated power plants.