Seeks long-term investment, attractive risk-adjusted returns on global solar PV projects
TEANECK, N.J.—Hudson Clean Energy ("Hudson") announced today the launch of an inaugural solar infrastructure investment program, Hudson Solar Infrastructure Program ("HSIP"), with closed commitments of up to $150 million for equity investment in solar photovoltaic (PV) power generation projects worldwide.
HSIP expands Hudson's global clean energy market product offering, which began in 2007 with a growth private equity fund in excess of $1 billion in size.
"Our goal is to provide our investors access to high-quality solar PV projects that generate a steady stream of long-term cash flows at attractive, risk-adjusted yields," said Daniel von der Schulenburg, Hudson Vice President and program manager for HSIP. "In contrast to many other funds, we are willing to fund the construction phase as well as acting as long-term project equity in solar PV projects across the globe. We look forward to expanding our relationships with leading developers and seizing new opportunities in the market."
For more than a decade, the Hudson team has built a successful track record of investment in clean energy development companies and independent power producers, including SunEdison, Recurrent Energy, Element Power Solar, Element Power Holdings, Horizon Wind Energy, Eagle Creek Renewables and Golden State Environmental Investment Corporation ("GSEI").
"As a pioneering firm in clean energy private equity and one of the largest clean energy managers in the market, Hudson's vision is to provide investors with unmatched expertise to meet their investment objectives. We are extremely pleased to be able to offer investors a product that addresses their appetite for yield and duration," said Neil Auerbach, founder and Managing Partner of Hudson. "Almost a decade ago, while leading the alternative energy investment business at Goldman Sachs, Joe Slamm (Hudson Partner in charge of Hudson's infrastructure effort) and I helped launch one of the first solar infrastructure funds in the world on behalf of SunEdison. This new solar infrastructure program is a sort of déjà vu for us. We believe the timing is right as the interest level among both investors and developers is quite high, and we hope to continue growing this platform for years to come."
ABOUT HUDSON CLEAN ENERGY
Hudson Clean Energy is a leading private equity and infrastructure firm based in Teaneck, NJ making privately negotiated investments in the dynamic and high-growth clean energy industry.
Global in scope, Hudson is dedicated to investing exclusively in renewable power, alternative fuels and energy smart technologies, in sectors that include wind and solar energy, biofuels, biomass, geothermal energy, energy efficiency and storage. Hudson typically invests in high-growth, asset-based, capital-intensive segments of the clean energy value chain with minimal technology development risk, primarily in control and shared-control positions.
Further information about Hudson can be found at www.HudsonCEP.com.
The information contained in this press release has been prepared solely for informational purposes and is not intended to constitute investment advice or an offer to buy or sell or a solicitation of any offer to buy or sell any interests in Hudson Clean Energy or its affiliates, or any investment product managed by Hudson Clean Energy or its affiliates.