New Energy Capital Partners

New Energy Capital Partners is a private equity firm focused on debt and equity investments in North American clean energy and related infrastructure assets. It backs small- to mid-sized projects across renewables and ancillary sectors such as energy storage, water and waste management, and combined heat and power, including wind, solar, geothermal, and biomass. Founded in 2003 and based in Hanover, New Hampshire, with additional offices in Boston, Waitsfield, Denver, and Waltham, the firm targets projects in development or pre-construction stages and seeks controlling interests. It emphasizes using proven technologies and risk mitigation through contracted energy and product sales, secured feedstocks, and diversified project portfolios. Typical investments range up to a few hundred million dollars, with exits by direct asset sales or by aggregating projects for group sale.

Scott Brown JD

Founder and Partner( Chairman)

Po Cheng

Principal

Bennett Collier

Partner and Director of Asset Management

Patrick Fox

Partner

Brad Heshmaty

Vice President

Ian Marcus

Partner

Thomas Naughton

CFO

Thomas Naughton

Partner

Jeph Shaw

Principal

Bridget Youngs

Senior Associate

8 past transactions

Granite Source Power

Private Equity Round in 2023
Granite Source Power develops and operates battery energy storage and renewable energy projects across North America, aiming to deliver shared value for stakeholders while fostering lasting client relationships.

Geenex Solar

Venture Round in 2021
Geenex is skilled in all aspects of a solar project’s development including site evaluation, real estate procurement, facility and interconnection engineering, environmental analysis, as well as federal, state and local permitting processes. Geenex Solar's experienced team navigates through the development process to guide a project from its initial stages through to its delivery of clean, reliable power to the grid.

New Columbia Solar

Private Equity Round in 2019
Founded in 2016, New Columbia Solar specializes in developing, managing, and operating solar power projects for residential, commercial, and non-profit entities in the District of Columbia. The company transforms underutilized spaces into clean energy sources, enabling property owners to reduce energy costs and improve sustainability while focusing on their core missions.

Renewable Properties

Private Equity Round in 2018
Renewable Properties, LLC is a solar project development firm based in San Francisco, California, founded in 2017. The company specializes in developing and investing in small-scale utility and commercial solar energy projects across the United States. It offers a comprehensive range of services, including site selection, interconnection, permitting for utility-scale solar, power purchase agreements, project acquisition, and construction. Renewable Properties collaborates with communities, developers, landowners, utilities, and financial institutions to facilitate the implementation of large solar energy systems. Through its expertise, the company aims to promote the adoption of renewable energy and create mutually beneficial solutions for its clients and partners.

Pine Gate Renewables

Venture Round in 2016
Pine Gate Renewables is a developer and operator of utility-scale solar projects, with one of the largest operational fleets in North America. The company provides renewable energy solutions for utilities and commercial partners, offering services such as land origination, project development management, community outreach, financing, and asset management.

FLS Energy

Venture Round in 2014
FLS Energy, established in 2006, is a developer of solar energy systems and a full-service energy provider. The company has successfully developed nearly 100 solar energy projects and owns and operates a diverse portfolio of solar energy assets across the United States. With a talented and industry-certified team, FLS Energy offers complete in-house system design, engineering, and turnkey project development, ensuring a high level of excellence in service delivery for its clients.

SunEdison

Private Equity Round in 2013
SunEdison is a global leader in renewable energy solutions, specializing in the development, financing, installation, ownership, and operation of solar power plants. They serve residential, commercial, government, and utility customers worldwide, providing tailored solar energy systems and flexible financing options.

SunEast Development

Private Equity Round in 2012
SunEast Development LLC is a clean energy development and management company based in Old Saybrook, Connecticut, founded in 2012. The company specializes in the development and management of solar energy projects across the United States, offering a comprehensive range of services that encompass strategic site assessment, land origination, project design, interconnection, permitting, off-take contracting, and site engineering. By collaborating with prominent partners, including major utility subsidiaries and investment funds, SunEast Development facilitates the successful execution of solar projects, empowering clients to enhance their access to renewable energy solutions.
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