Investment Thesis
We will earn better risk-adjusted returns by investing on the right side of the climate change line.
Markets
Behind-the-Meter
Distributed Generation
Storage
Grid-Connected
Onshore Wind
Sustainable
Infrastructure
Ecological Restoration
Resiliency
What We Do
We make investments in climate change solutions by providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. Our goal is to generate attractive returns from a diversified portfolio of projects with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.
Our investments have taken many forms, including equity, joint ventures, land ownership, lending, or other financing transactions. We also generate ongoing fees through gain-on-sale securitization transactions, services, and asset management.
Investment Examples
Behind-The-Meter
Grid-Connected
Sustainable Infrastructure
Public-Private Partnership (P3)
>$100 million
Preferred equity investment in a P3 with the University of Iowa to operate, maintain, and upgrade university energy and water utilities in support of low carbon campus sustainability objectives
Onshore Wind, Utility-Scale Solar
>$500 million
Equity investment in a 2.3 GW renewables portfolio of nine wind and four solar projects across five states, including large corporate and utility off-takers such as Amazon, Walmart and Xcel Energy
Stormwater Remediation
<$10 million
Four separate projects to slow pollution runoff into downstream waterways across the Chesapeake Bay
Behind-the-Meter
Grid-Connected
Behind-the-Meter
C&I Solar
>$50 million
Equity investment in a distributed portfolio of ~200 C&I projects, including high credit quality corporates such as FedEx and Target
Utility-Scale Solar Land
>$100 million
Acquisition of 4,000 acres of land and lease streams underlying dozens of utility-scale solar projects with a capacity of nearly 700 MW
Green Real Estate
<$20 million
Joint venture to acquire government-backed securitized housing loans that incentivize energy and water efficiency investments
Behind-The-Meter
Public Private Partnership (P3)
>$100 million
Preferred equity investment in a P3 with the University of Iowa to operate, maintain, and upgrade university energy and water utilities in support of low carbon campus sustainability objectives
Grid-Connected
Onshore Wind, Utility-Scale Solar
>$500 million
Equity investment in a 2.3 GW renewables portfolio of nine wind and four solar projects across five states, including large corporate and utility off-takers such as Amazon, Walmart and Xcel Energy
Sustainable Infrastructure
Stormwater Remediation
<$10 million
Four separate projects to slow pollution runoff into downstream waterways across the Chesapeake Bay
Behind-The-Meter
C&I Solar
>$50 million
Equity investment in a distributed portfolio of ~200 C&I projects, including high credit quality corporates such as FedEx and Target
Grid-Connected
Utility-Scale Solar Land
>$100 million
Acquisition of 4,000 acres of land and lease streams underlying dozens of utility-scale solar projects with a capacity of nearly 700 MW
Behind-The-Meter
Green Real Estate
<$20 million
Joint venture to acquire government-backed securitized housing loans that incentivize energy and water efficiency investments