Elawan bags Google PPA for 37-MW solar project in Texas
Sep 19, 2024 13:49 CESTUS private equity firm NGP has achieved a final close of USD 700 million (EUR 649.7m) for a fund that invests in companies focused on renewable energy, electrification, energy efficiency and carbon reduction.
“Energy transition is key to the future of NGP, and our investment activity in the space is accelerating,” NGP’s managing partner Chris Carter said in a press release on Thursday.
The NGP Energy Transition IV LP, which was activated in April 2022, has already invested USD 100 million in seven companies, including energy storage company Form Energy, carbon solutions provider Rubicon Carbon, rare earth magnet manufacturer Noveon Magnetics and residential geothermal firm Dandelion Energy.
Founded in 1988, NGP is dedicated to investments in natural resources and energy transition. It has poured more than USD 1 billion since 2005 to support the growth of companies such as TPI Composites, Renewable Energy Group (REG) which was sold to Chevron a year ago, and Community Energy, which is currently owned by AES Corp.
(USD 1 = EUR 0.928)
Elawan bags Google PPA for 37-MW solar project in Texas
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