Dec 8, 2009

Private equity firm overshoots $ 1 billion funding target

2009 Dec 7

Hudson Clean Energy Partners has exceeded a $1 billion target for its debut fund intended to expand its current investment portfolio in clean energy markets.

The clean energy company said last week it has raised funding commitments of $1.024 billion.

The firm’s portfolio includes Element Power, a global renewable company that develops utility-scale wind and solar power project; Recurrent Energy, a distributed solar power company that develops and owns generation assets; CaliSolar Inc., a manufacturer of solar photovoltaic wafers and cells; SoloPower Inc., a manufacturer of solar photovoltaic thin-film cells and flexible modules; and Wind to Power Systems, a Madrid-based electronic manufacturer that enables connection of renewables to the electric grid.

John Cavalier, co-managing partner of Hudson Clean Energy Partners, applauded the firm’s milestone achievement despite trying economic conditions. “This remarkable achievement is testament to the strength and collaboration of the Hudson team, and our track record of excellence in renewable energy investing.”

Read more: http://www.ecoseed.org/en/general-green-news/green-business-news/green-business-news/5444

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