Private equity firm Hudson Clean Energy Partners has successfully closed its $1bn debut fund.
Hudson Clean Energy Partners, L.P. will invest this capital to expand the firm’s current investment portfolio in the clean energy markets.
Founded in 2007, the Teaneck, NJ, and London, UK-based firm is led by seasoned renewable energy executives Neil Auerbach and John Cavalier. Hudson invests in companies focused on renewable power, alternative fuels, energy storage and demand-side energy management.
Hudson’s current portfolio includes:
– Element Power, a global utility-scale wind and solar power generator;
– Recurrent Energy, a distributed solar power company that develops, builds, owns and operates generation assets;
– CaliSolar, Inc., a solar photovoltaic wafer and cell manufacturer with an industry-leading cost structure; SoloPower, Inc., a manufacturer of solar PV thin-film cells and flexible modules;
– Wind to Power Systems, a Madrid-based manufacturer of power electronics that enable connection of renewables to the grid.