Portfolio Partner Profile
New Energy Capital
The New Energy Capital Infrastructure Credit Fund II (NECICF II) invests in small to mid-sized clean energy or clean infrastructure projects around the US, such as solar, energy storage, energy efficiency, wind, and water power. NECICF II is managed by New Energy Capital Partners, a fund manager with a 13-year track record of investing in clean energy infrastructure.
Featured Impact Story
New Columbia Solar
New Columbia Solar (“NCS”) is a full‐service solar energy company based in and serving the District of Columbia. In May 2020, NCS completed construction of a 628 kWDC solar system on the canopies and rooftops of the D.C. United’s Audi Field. The newly constructed soccer stadium and subsequent rooftop solar system are consistent with the MLS’s ‘Greener Goals’ initiative.
Greenex’s Center for Energy Education
The Center for Energy Education (the Center) is based in rural Halifax County in northeast North Carolina where the median income is just over $35,000 per year. The Center was founded by an NEC Fund V portfolio company, Geenex Solar, a solar developer focused on utility-scale solar projects. The facility provides community education, industry innovation, and workforce development to residents of Halifax County, as well as serves as a hands-on training ground for solar installation, community engagement, a destination for students and families to learn about renewable energy. The Center is also a training facility which provides the knowledge and skills needed to pursue a career in the renewable energy industry.
Photo Credit: Center for Energy Education
New Energy Capital Partners’ portfolio has been expanding into the energy storage space. At the end of 2020, NECP’s investment companies were developing projects approximating a power rating of 1,500 MW. These projects could store up to 6.0 GWh of electricity when fully operational.