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Category: Energy Capital Partners

Private Equity Firm Energy Capital Partners Announces $4.335 Billion Raised for Fund II

Energy Captial Partners

Private equity fund Energy Capital Partners announced earlier this week the final close of Energy Capital Partners II ("Fund II"), a private equity fund focused on the acquisition, development and construction of energy infrastructure assets in North America.  The fund exceeded its $3.5 billion target capital raise amount and completed the final close at the capped amount of $4.335 billion, which includes capital committed from the Partners and employees of Energy Capital Partners. 

Fund II will primarily invest in assets in the fossil and renewable power generation, electric transmission and midstream gas sectors.  It has made several investments thusfar, including the completed acquisition of three natural gas-fired power generating facilities in New England, a 100-mile gas gathering pipeline system under construction in the Barnett Shale region in Texas, an electric transmission line under development in Southern California and an operating business providing electrical infrastructure construction and maintenance services.

Energy Capital's Senior Partner, Doug Kimmelman, commented, "we are appreciative of the support and trust of our many Limited Partners and we look forward to providing attractive investment returns across an energy landscape with accelerating capital demands."

Nanosolar Receives $300 Million in Equity Financing

NanosolarNanosolar, a thin-film solar company, announced on August 27th that it received $300 million in equity financing in March 2008.  Investors in this round included The AES Corporation, The Carlyle Group, EDF (which made a $50 million investment in Nanosolar via EDF Energies Nouvelles RĂ©parties), and Energy Capital Partners.

Funding in this round was also provided by returning Nanosolar investors GLG Partners, Beck Energy, and Grazia Equity (founding investor of Conergy).  Other participating investors included Lone Pine Capital, the Skoll Foundation, and the private fund of Pierre Omidyar (founder of eBay). 

Nanosolar intends to use the funds to accelerate production expansion for its 430MW San Jose factory and 620MW Berlin factory.  The following video provides some information on Nanosolar’s technology, which includes the ability to print (using nanoparticle ink) the semiconductor of a solar cell onto metal foil.

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