in News Departments > FYI
print the content item

Starwood Capital Group Global LLC has closed its Starwood Energy Infrastructure Fund II (SEIF II) with total capital commitments of $983 million to invest in wind, solar, natural gas, and other power generation and high-voltage transmission assets, primarily in North America.

"We are focused on a market that has an annual opportunity set approaching $100 billion in the U.S. and Canada," says Brad Nordholm, CEO of Starwood Energy Group. "Currently, low domestic natural gas prices and the lower cost of proven renewable energy technologies have created a rich environment."

Starwood Capital says SEIF II has attracted commitments from a wide range of investors, including sovereign funds, pension plans, funds of funds, insurance companies and other institutional investors. The company says the new fund will follow the middle-market, value-add focus of its predecessor fund, Starwood Energy Infrastructure Fund LP, which closed in 2008.



IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015