Starwood Energy Invests In Solar Power Firm

Jan 13 2009 | 11:49am ET

Private equity firm Starwood Energy Group has acquired a majority interest in Nautilus Solar Energy, a solar power generation developer headquartered in Chatham, New Jersey.

Starwood Energy's investment will provide working capital and facilitate an expansion of Nautilus Solar's corporate infrastructure. The funding also includes a $50 million commitment for future Nautilus Solar projects.

Nautilus Solar develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems. Created in 2006 by energy professionals Jim Rice, Laura Stern and Alan Dash, Nautilus Solar currently has seven completed solar retail projects in operation and four solar projects under construction in New Jersey and Connecticut. As one of the fastest growing solar development companies in the United States, Nautilus Solar has a project pipeline of over 500 MWs of solar generating capacity over the next two years.

"We are excited to complete this majority investment in Nautilus Solar," said Brad Nordholm, CEO of Starwood Energy in Greenwich, Connecticut. "Jim Rice, Alan Dash, and Laura Stern have, in a very short period of time, demonstrated significant leadership in building Nautilus into the company it is today, with a number of solar projects already completed and several more in advanced stages of development.”

Starwood Energy is an affiliate of Starwood Capital Group Global, a multi-billion dollar private equity investment firm located in Greenwich, Conn. Since 2005, Starwood Energy has committed to energy infrastructure transactions totaling $3.2 billion of enterprise value, including the Neptune Regional Transmission System, a 660 MW undersea power cable connecting Long Island to New Jersey, CalPeak Power, LLC, a 260 MW portfolio of five natural gas-fired peaking power plants in California, and the 272 MW Thermo Ft. Lupton combined-cycle plant in Colorado. Starwood Energy also anticipates completion in May 2009 of its 120 MW Starwood-Midway power plant now under construction in California.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.