Excelsior Energy Capital has launched a new energy fund, Excelsior Renewable Energy Investment Fund I, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Excelsior Energy Capital focuses on equity investments in the solar and wind utility and distributed generation middle market. The firm plans to target investments in de-risked North American plants that possess fixed income–like cash flows from long-term revenue contracts with creditworthy counterparties.
During the past few years, wind and solar has become an established asset class. Technology efficiencies and installed costs have evolved to a point where wind and solar plants can compete with conventional generation such as natural gas and coal.
Long-term federal tax policy and increasing state-level renewable portfolio standards are further supporting industry
