The renewable energy sector in the US has a lot of future potential. It is currently growing to include new investment structures, revenue models, and the latest technologies. Billions worth of capital has been raised by vast pools of distributed, small-scale, and even individual solar systems thanks to tax equity, private placements, securitizations, and controlling or passive debt & equity investments. According to the American Investment Council, over $11 billion was invested into renewable energy projects in 2020 by private equity firms.
In the US, Blackstone announced in 2020 that it will start cutting its carbon emissions by 15% in 2021, within the first three years of investing in a new asset. The Carlyle Group invested over $130 million in Acadia Renewable Energy, a venture having eight solar projects that will power 19K homes in Maine with solar energy once the project is completed.
Joint ventures with developers having limited capital are continuously being sought by funds so that they can build scale to facilitate public exits in the future, launch a grandfathered project for tax credit about to expire, or simply develop a project pipeline. This provides GoGlux a platform having many opportunities it knows just how to capitalize on. If you want to discuss our investment portfolio of the renewable energy sector, reach our experts out today.