Excelsior Energy Capital’s second fund crushed it, raising $1 billion against a $750 million target. Founded in 2017, these renewable energy specialists aren’t playing around. They’ve already deployed their first $504 million fund across 16 projects, generating nearly 2 gigawatts of clean energy. Investors from five continents jumped on board this time. Not just tree-huggers either – serious money sees the potential in wind, solar, and storage. The numbers tell the real story.
While many investors talk big about green energy, Excelsior Energy Capital is actually putting billions where others just put press releases. The firm recently closed its second fund at a whopping $1 billion, blowing past its $750 million target. Not bad for a company that only started in 2017.
In a world of renewable energy lip service, Excelsior is actually deploying the billions that matter.
Their first fund wasn’t exactly small potatoes either. Fund I raised $504 million by 2021 and deployed it all across 16 investments. That’s nearly 2 gigawatts of renewable capacity. Wind, solar, storage – the whole clean energy buffet.
So what’s their angle? Middle-market renewable energy projects. Not the headline-grabbing mega-installations, but the bread-and-butter projects that actually keep the lights on. North America only, thank you very much.
The timing couldn’t be better. U.S. policies are practically begging companies to invest in renewables. ESG investing is hot. Decentralized energy is the new black. And Excelsior is right in the sweet spot.
Institutional investors from around the globe are throwing money at Fund II. The fund attracted diverse limited partners from multiple continents, including investors from the United States, Japan, Europe, Australia, and the Middle East. Turns out clean energy isn’t just for tree-huggers anymore. Who knew?
The strategy is pretty straightforward: long-term equity investments in wind, solar, and energy storage. Nothing flashy, just steady returns while helping wean the continent off fossil fuels. Transformative stuff, really.
These aren’t just vanity projects either. We’re talking jobs, economic growth, and more reliable green energy. With the sector having added $320 billion to the global economy in 2022, these investments represent serious economic potential. Excelsior Energy Capital was founded through a strategic partnership with Development Bank of Japan as both a founder and anchor investor. The kind of investments that managers with actual foresight make.
Excelsior’s managing partners previously cut their teeth at TerraForm, so they know the renewable landscape. Their focus on medium-sized projects gives them a nice niche where competition isn’t as fierce.
All this comes as North America desperately needs more renewable capacity. Grid demands are changing, technology is advancing, and someone needs to fund the shift. Excelsior is stepping up while others are still in the planning stage. Actions, not words. What a concept.
