Raw: [
Energy-focused private equity investor NGP announced the launch of NGP Sustainable Real Assets (NGP SRA), […]]
Private Equity Investor NGP Launches $500 Million Energy Transition Real Assets Strategy – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Energy Transition/ Private Equity & Venture Capital
Private Equity Investor NGP Launches $500 Million Energy Transition Real Assets Strategy
Susan Lahey
July 23, 2024
Energy-focused private equity investor NGP announced the launch of NGP Sustainable Real Assets (NGP SRA), a new dedicated pool of capital focused on real assets investing in the energy transition.
The new fund is launching with approximately $500 million of capital commitments at closing, provided by NGP’s dedicated energy transition fund, NGP Energy Transition IV, L.P., and co-investors
According to the firm, NGP SRA was formed to invest in real asset development platforms across the energy transition including clean power, clean fuels, carbon, transportation, and critical minerals.
Chris Carter, NGP’s Managing Partner said:
“Our strategy with NGP SRA combines NGP’s 35-year track record of partnership-oriented investing, having backed more than 300 development platforms across the energy sector, with our firm’s significant capital, expertise and resources dedicated to the energy transition. We see a big opportunity to deploy an investment model NGP has honed over the last three decades into these attractive clean energy subsectors.”
The strategy partners with management teams, often at the earliest stages of company formation, and provides capital and support to help build energy transition platforms. The group aims for $50 to $150 million per investment.
NGP SRA has already closed investments in three platform companies: Segue Renewables II, which invests in development-stage energy transition projects and the infrastructure enabling them; Cloverleaf Infrastructure, which collaborates with regional U.S. utilities and data center operators to deliver scalable clean electricity through strategic investments in transmission, grid interconnection, land, onsite power generation and electricity storage, and; CO280 Solutions, which partners with pulp and paper companies to develop, finance, own and operate carbon removal projects to deliver verifiable, and affordable carbon removal credits to the voluntary carbon market.
Phil Deutch, NGP Partner and Energy Transition Fund Head, said:
“We take great pride in our reputation as value-added partners and trusted sector specialists in energy. More than three decades ago, NGP pioneered the investment model that now dominates traditional energy project development. We are excited to commit our experience and capital to advancing energy transition projects while seeking attractive risk adjusted returns for our investors.”
Susan Lahey
Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.
Related Posts
Energy Transition /
Eni in Talks to Sell Stake in Mobility Transformation Unit to KKR at up to $13.5 Billion Valuation
Private Equity & Venture Capital /
Cowboy Clean Fuels Raises $13 Million to Simultaneously Produce Biofuel, Remove CO2
Energy Transition /
U.S. Announces Over $4 Billion Funding for Projects to Reduce GHG Emissions Across Key Sectors
‹ Cowboy Clean Fuels Raises $13 Million to Simultaneously Produce Biofuel, Remove CO2 › AIHA Releases New Heat Stress Mobile App for Open Beta Feedback
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Masdar Issues $1 Billion Green Bond to Invest in Greenfield Renewable Energy Projects
HSBC Launches New Infrastructure Finance Unit to Pursue Low Carbon Transition Opportunities
Energy Impact Partners Appoints Jeff McDermott as Head of Strategic Finance
Demeter Invests in H2 Green Steel
Government
U.S. Announces Over $4 Billion Funding for Projects to Reduce GHG Emissions Across Key Sectors
Von der Leyen Pledges New Clean Industrial Deal in New Mandate as EU Commission President
Canada to Invest up to $1 Billion in Oil Sands Carbon Capture Projects
UK Government Appoints Carbon Trust CEO Chris Stark to Lead New Clean Energy Transition Team
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy