Financing Company to Promote Renewable Energy

A major broker of energy products in the United States will become a strategic partner with a venture capital fund that concentrates on investing in private alternative energy companies.

TORONTO, Ontario, CA, 2001-08-10 [SolarAccess.com] A major broker of energy products in the United States will become a strategic partner with a venture capital fund that concentrates on investing in private alternative energy companies. Natsource LLC will join the network of LEAP Energy Fund L.P. to advance the fund’s growth and broaden the awareness of the fund’s portfolio companies. Natsource will also work with portfolio companies to identify opportunities to maximize the value of emissions credits in the financial markets. “Private equity funds are investing in alternative energy technology companies that once depended solely on government funding for development,” says Peter Drazilov, of Natsource-Tullett Canada. “LEAP has taken a leadership role in this industry … and their capital investments will bring to market technologies that will create viable new sources of energy and will benefit the environment.” LEAP was created 18 months ago to invest in the growing sector of alternative energy, which has been boosted from the deregulation of the $350 billion utility industry in North America, as well as the increasing global demand for energy. LEAP tries to broaden market opportunities for alternative energy companies which sell products from alternative fuel sources. Officials say that alternative energy technology is poised for a “considerable long-term, sustainable growth period.” In the last ten years, there have been three defined cycles in the alternative energy sub-sector of the energy market place, yet the market is where the telecom sector was during its deregulation process in the early 1980’s. “We are looking for companies and individuals advancing new services and solutions in the generation, transportation and consumption of energy,” adds Bill Tharp of LEAP Fund Management. “The end-result will be materially enhanced efficiencies in production, and benefits for the consumer as well as for the environment.” Natsource recently created a division to create environmental financial products that will capitalize on new investment opportunities driven by the need for clean energy sources with air quality and GHG benefits. The company is based in New York, and is a broker of energy products in the power, natural gas, coal, weather hedging and emission permit markets. LEAP is a venture capital fund that was founded by a core group of utilities which generate 425,000 GWh of electricity each year. The pool wants to include European utilities, and expects to exceed $50 million before fund’s final closing.
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