Bioenergy, Geothermal, Hydropower, Solar, Utility Scale, Wind Power

Hudson Clean Energy Hits US $1B Fund Target

Hudson Clean Energy Partners has closed its debut fund, Hudson Clean Energy Partners L.P., with commitments of US $1.024 billion. Hudson plans to deploy this capital with co-investment commitments to expand the firm’s investment portfolio in the renewable energy markets.

“We are extremely pleased to have overcome challenging economic times to exceed our fund target of $1 billion. This remarkable achievement is testament to the strength and collaboration of the Hudson team, and our track record of excellence in renewable energy investing,” said John Cavalier, Hudson co-managing partner.

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

C.P. Eaton Partners LLC served as lead placement agent for the fund, and was assisted by Credit Suisse Securities LLC and Poalim Ventures Ltd.