United States Power Fund III, L.P. – Investments as of June 2009
US Power Fund III closed on June 25, 2007 at $1.35 billion in investor commitments, exceeding it's target of $1 billion.

Calypso Energy Holdings, LLC
On November 16, 2007, US Power Fund III, along with US Power Fund II, acquired an 80% interest in 14 operating power plants from Cogentrix Energy, Inc. The Fund’s ownership interest in the projects totals 2,331 net megawatts of generating capacity. The acquired portfolio consists of power plants located in 12 states that sell substantially all of their generation capacity under mid- to long-term power purchase agreements or tolling arrangements to local counterparties. The plants are a mix of gas-, coal-, and waste coal-fired facilities that employ state-of-the-art combustion and emissions technologies. The Calypso transaction’s acquisition financing won the prestigious "2007 North America Portfolio Power Deal of the Year", awarded by Project Finance, a Euromoney publication.   
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Development Partners Group, LLC
On February 26, 2008, US Power Fund III invested in Development Partners, a New York based firm focused on bringing development experience and capital resources to power and energy infrastructure projects in various stages of the development cycle.  Development Partners’ principal team has over thirty years of experience in the power and energy infrastructure area, and a successful track record in over $10 billion of development projects. Targeted investments include projects in the early, mid or late stages of development across various technologies. The Principals of Development Partners previously held senior positions with Sithe Energies, Inc. and LS Power Development, LLC. 

EIF Renewable Energy Holdings, LLC (“EIFREH”)
On January 31, 2008, United States Power Fund III, L.P. along with Enpower Corp. and reinvesting management, acquired Landfill Energy Systems (“LES”), a landfill-gas-to-power company based in Wixom, Michigan. Three months later, EIFREH acquired a high-BTU landfill gas facility on the Johnson County landfill outside Kansas City (the “KCLFG” project). Between the two acquisitions, EIFREH holds interests in 18 operating landfill gas facilities in 9 states, with one additional facility in development. The 17 power producing facilities totaling 80 megawatts of EIFREH net equity ownership sell renewable power under long-term contracts to local utilities. The KCLFG project produces and sells roughly 1.2 million mmbtu per year of renewable, pipeline-quality natural gas. EIFREH is a leader in the development, construction and operation of renewable energy facilities utilizing landfill gas.     photo

Greater Detroit Resource Recovery Facility
On February 13, 2008, US Power Fund III acquired a 70% undivided ownership interest and lessor position in the Detroit Resource Recovery Facility in Detroit. The Facility processes over 800,000 tons of municipal solid waste annually into refuse-derived fuel that is subsequently combusted to generate up to 68 MW of electricity and steam. The steam is transported in a
1.8 mile pipeline into the downtown Detroit steam loop. The Facility is operated by the lessee, Covanta, which operates a large portfolio of waste-to-energy plants.     photo

Kleen Energy Systems, LLC
On June 13, 2008, US Power Fund III, along with affiliated EIF fund US Power Fund II (together with US Power Fund III, the “Funds”), committed the majority of the construction equity in a 620 megawatt natural gas- and oil-fired combined cycle power generation facility under construction in Middletown, Connecticut. This commitment followed the Funds’ investment in the development of the project. Kleen is being built pursuant to a fixed-price, turn-key Engineering, Procurement and Construction contract with O&G Industries, and will employ commercially proven, state-of-the-art combustion turbine technology. Once operational, Kleen will sell 100% of its capacity to Connecticut Light & Power for a term of 15 years. In March 2009, Project Finance, a Euromoney publication, awarded the Kleen construction financing the prestigious "2008 North American Single Asset Power Deal of the Year".
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Solar Power Partners, Inc
On September 24, 2008, US Power Fund III made an investment in Solar Power Partners, Inc (“SPP”), a leading national solar energy services provider. SPP is a developer, owner, and operator of a distributed network of mid-size commercial solar energy facilities. SPP provides turn-key development of projects, financing through long term power purchase agreements, and on-going operations tailored to meet building owners’ specific needs. SPP has projects completed or under construction in California and Hawaii, with plans to expand nationally. SPP’s customers include airports, hospitals, schools, and supermarket chains.     photo

Watertown Renewable Power, LLC
On April 3, 2009, United States Power Fund III, L.P. acquired Watertown Renewable Power, LLC (“WRP”), a 30-megawatt biomass power project currently under development in Watertown, Connecticut, from Tamarack Energy, Inc. (“Tamarack”).

WRP will use state-of-the-art environmental technology and be capable of generating enough clean electricity to power roughly 30,000 area homes. The plant will run on small tree branches, stumps, old cargo pallets, and trees taken down as part of forestry management programs.

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