  |
  |
 |
|
|
|
|
|
EIF NTE Hybrid Renewable Energy Subsidiary Files For Patent For Biomass Hybrid Renewable Energy Technology
A subsidiary of EIF NTE Hybrid Renewable Energy, LLC, a joint venture between Energy Investors Funds and NTE Energy, LLC, filed a patent application in the United States Patent & Trademark Office on
March 31, 2010 regarding its proprietary biomass hybrid renewable energy technology. Developed by Greg Cahill of Trimont Engineering and Seth Shortlidge of NTE Energy, this technology revolutionizes the production of renewable energy by providing for the simultaneous operations of a biomass hybrid renewable energy cycle in concert with a traditional, natural gas fired power plant. more
|
|
Energy Investors Funds And NTE Energy Announce Joint Venture To Develop Hybrid Renewable Energy Facilities
Energy Investors Funds and NTE Energy, LLC announced today the formation of EIF NTE Hybrid Renewable Energy, LLC, a joint venture created to develop, construct and operate large-scale hybrid renewable energy facilities throughout the United States. more
|
|
Energy Investors Funds Completes Sale Of Glen Park Hydroelectric Project
Energy Investors Funds today announced that its United States Power Fund, L.P. and United States Power Fund II, L.P. have completed the sale of the Glen Park Hydroelectric Project to Fort Chicago Energy Partners L.P. for $80.1 million. Operating since 1986 and located on the Black River near Watertown, N.Y., Glen Park is a 33-megawatt run-of-the-river hydroelectric generation facility. more
|
|
|
Energy Investors Funds Closes On Credit Facility Financings For Three Of Its Funds
Energy Investors Funds (EIF) today announced that it has successfully closed on financings for three of its fund credit facilities. EIF's United States Power Fund III, L.P. increased the size of its credit facility from $435 million to $467.5 million and also extended the maturity for two years to May 2011. EIF's United States Power Fund II, L.P. and USPF II Institutional Fund, L.P. extended their respective credit facility maturity dates to June 2010. The ability of EIF to close on almost $600 million of bank financing in the current environment testifies to its strong industry relationships and investment portfolio. more
|
|
|
Energy Investors Funds Closes Investment In Astoria II Energy Project
Energy Investors Funds (EIF) announced that its United States Power Fund III, L.P. (“USPF III”) has closed an investment in Astoria Energy II LLC, a limited liability company created to develop, construct, own, and operate a new, approximately 500 MW combined cycle, natural gas-fired power plant in Astoria, Queens Borough, New York City. EIF's USPF III will own the largest equity stake, in terms of percentage, in the project. more
|
|
|
Energy Investors Funds Hires Rob Franson As Vice President
Energy Investors Funds (“EIF”), an established private equity fund manager that invests in the
U.S.
energy and electric power sector, announced today that Rob Franson has joined EIF as a Vice President in its
Needham
,
MA
office, where he will be responsible for the management of portfolio investments. more
|
|
|
Energy Investors Funds Acquires Watertown Renewable Power, LLC
Energy Investors Funds has announced that the United States Power Fund III, L.P. has acquired Watertown Renewable Power, LLC, a 30 MW biomass power project currently under development in Watertown, CT, from Tamarack Energy, Inc. The acquisition adds to EIF's numerous investments in the clean power sector. more
|
|
|
North American Single Asset Power Deal Of The Year 2008
Kleen Energy Systems: Clean Close
Project Finance
Energy Investors Funds' $1.35 billion Kleen Energy financing managed to fashion a debt package around the remnants of the B loan market, as well as incorporate commercial bank debt. The financing has yet to be replicated since its June 13, 2008 closing. The bookrunner, Goldman Sachs, provided a fully-underwritten commitment, one of the last times a US power financing was syndicated on that basis.
Kleen benefits from contracts for capacity and energy. The energy tolling agreement runs for seven years, while the capacity agreement runs for 15 years. Collectively, the contracts provide a surprisingly strong credit for a project located in the merchant ISO-New England power market. Kleen provided a useful test of the old project finance cliché that in a down market only the best-structured projects get closed, and it almost established a new one -- that the best structured projects are always too good to be left to commercial bank clubs.
view a pdf of this article
|
|
|
Solar Power Partners Places 19 New Solar Energy Facilities Into Commercial Operation
SPP Fund II, LLC brings distributed solar systems online and firmly establishes Solar Power Partners (SPP) in the rapidly growing commercial solar Power Purchase Agreements (PPA) market
Solar Power Partners, Inc. (SPP), a leading nationwide commercial developer of distributed solar energy facilities (SEFs), today announced that it has placed into service 19 new SEFs with a total capacity of 7.7 MW. This new capacity, along with the 5.1 MW in SPP Fund I, firmly positions SPP as a top solar developer in the United States. The projects will provide solar power to a variety of customers, including several corporate clients, three universities, two healthcare facilities, a water district, a wastewater treatment facility, and a public school. The SEFs will produce enough clean renewable energy to offset 8,723 metric tons of carbon annually. Financing of the SEFs is being provided by Bank of America in the form of a tax equity investment and Energy Investors Funds through its United States Power Fund III, L.P.
view a pdf of this article
|
|
back to top
|
|
|
|
|
|
|
|
|
|
|
