Private equity firm for renewables, Hudson Clean Energy, has launched an investment programme for solar infrastructure – the Hudson Solar Infrastructure Programme (HSIP).
Hudson announced HSIP reached financial close yesterday, raising US$150 million equity for PV projects worldwide.
Daniel von der Schulenburg, Hudson’s vice president and programme manager for HSIP, said: “Our goal is to provide our investors access to high-quality solar PV projects that generate a steady stream of long-term cash flows at attractive, risk-adjusted yields.”
Schulenburg also said HSIP in contrast to other funds in that it is prepared to fund the construction phase of projects as well as providing long-term equity.
Neil Auerbach, founder and managing partner of Hudson said “The timing is right as the interest level among both investors and developers is quite high, and we hope to continue growing this platform for years to come.”
Hudson was founded in 2007 with US$1 billion in equity.