• NEWS

NeuVentus Announces Moss Bluff Project

May 17, 2023

Press Releases

Moss Bluff Salt Dome is Located in the Heart of Existing Hydrogen Infrastructure and Energy Transition Hubs HOUSTON, May 17, 2023/PRNewswire/ -- NeuVentus, LLC ("NeuVentus") today announced it has secured site control and other ancillary agreements providing for development rights (the “Agreements”) with GCL/Kyle Dome Storage, LLC and GC Land, LLC on the Moss Bluff Salt Dome in Liberty and Chambers Counties, Texas.
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Lotus Infrastructure Partners Launches NeuVentus

February 16, 2023

Press Releases

Lotus today announced the launch of NeuVentus, LLC ("NeuVentus"). NeuVentus is a newly established platform focused on developing and delivering hydrogen pipeline transportation and salt cavern hydrogen storage projects, as well as related services, that help to accelerate North America's energy transition. Lotus Infra was formerly known as Starwood Energy. NeuVentus
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TS Conductor Opens First U.S. Production Facility, Announces New Board and Advisory Members

January 26, 2023

Press Releases

In August 2022, TS Conductor and Starwood Energy Group — now Lotus Infrastructure Partners — unveiled a $100 million joint venture to finance deployment with grid operators in North America. Previously, in
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Ten West Link Commemorates Start of Construction on Transmission Line Connecting California and the Desert Southwest

January 20, 2023

Press Releases

Important Grid Infrastructure Project owned by Lotus Infrastructure Partners Receives National Focus at Groundbreaking Celebration in Arizona
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Lotus Infrastructure eyes new era of decarbonisation with spinout from Starwood

January 6, 2023

Lotus In The News

By: Isabel O’Brien PUBLISHED: 6 January 2023 NEWS & ANALYSIS Lotus Infrastructure eyes new era of decarbonisation with spinout from Starwood The real estate manager will remain a minority shareholder of the new unit, which could look to launch a new line of funds in the credit and core spaces.
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Introducing Lotus Infrastructure Partners

January 2, 2023

Press Releases

GREENWICH, Conn., Jan. 2, 2023 Starwood Energy Group Global ("Starwood Energy"), founded in 2005, today announced the creation of Lotus Infrastructure Partners ("Lotus Infra" or the "Firm"), the successor firm to Starwood Energy, effective as of January 1st, 2023.
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New Jersey’s Last Operating Coal Fired Power Plant Imploded

December 2, 2022

Press Releases

New Jersey state dignitaries, environmental advocates and energy executives gathered today at the Logan Generating site in Swedesboro, NJ to witness the implosion of the State’s last operating coal fired power plant.
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Lotus and energyRe Announce Launch of Radial Power

September 21, 2022

Press Releases

Radial Power is a joint venture comprised of investment affiliates of energyRe and Starwood Energy, the large-scale energy affiliates of the Related Companies and of Starwood Capital Group respectively
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Lotus and TS Conductor Announce $100 million Joint Venture to Bring Energy Performance Contracting Approaches to Power Grid Infrastructure

August 25, 2022

Press Releases

Lotus and TS Conductor Corp. (“TS Conductor”), a pioneer in high-performance transmission and distribution wires for electricity grids, today announced the creation of a $100 million joint venture, Gridline Finance InvestCo, LLC. The joint venture unlocks an innovative method for financing much-needed grid modernization, including reconductoring existing lines and building new lines, to accelerate the energy transition and integrate more renewable generation.
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Lotus and Atlantic City Electric Receive New Jersey BPU Approval on Agreement to Cease Coal Usage

March 23, 2022

Press Releases

Lotus and Atlantic City Electric Receive New Jersey BPU Approval on Agreement to Cease Coal Usage at The Last Two Coal Plants in New Jersey.
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Lotus Signs Agreement to Support Development of Linden Renewable Energy Project

January 27, 2022

Press Releases

RNG Energy Solutions, LLC, a New Hampshire-based developer of complex energy infrastructure projects, announced today that it has completed the development phase of the Linden Renewable Energy Project (“LRE” or “LRE Project”), a large organic waste anaerobic digester project located in Linden, New Jersey.
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Lotus completes sale of RockGen plant to Dairyland Power

December 16, 2021

Press Releases

Dairyland Power Cooperative has announced plans to buy the 503-megawatt RockGen Energy Center near Cambridge. The natural gas generator is used primarily to provide electricity during times of peak demand.
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Himanshu Saxena's Q&A with Financier Worldwide Magazine

December 10, 2021

Lotus In The News

FW discusses the outlook for renewable energy in the US with Chris LeWand at FTI Consulting, Inc., Dan Sinaiko at Allen & Overy LLP, Nuno Andrade at Santander, Himanshu Saxena at Starwood Energy, and R. Andrew de Pass at Vitol Inc.
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Ten West Link Transmission Line receives California Public Utilities Commission Approval

November 8, 2021

Press Releases

On November 4, 2021, the California Public Utilities Commission (“CPUC”) unanimously approved the issuance of a Certificate of Public Convenience and Necessity for the construction and operation of the Ten West Link high-voltage transmission project (“Ten West Link”).  Ten West Link will improve grid efficiency and reliability, while enabling new renewable energy and energy storage resources.
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Keynote Interview with Infrastructure Investor | Investing in the future of Energy

October 1, 2021

Lotus In The News

Recent weather patterns including multi-day storms, exacerbated by climate change, have brought power grid reliability concerns into renewed focus. Starwood Energy’s chief executive officer, Himanshu Saxena, believes the needs of a changing economy and changing climate can be met with renewable energy sources, however, a period of transition is needed to go from conventional to renewable energy sources.
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Lotus Partners with BerQ RNG to Develop and Acquire Renewable Natural Gas Projects

September 7, 2021

Press Releases

Lotus announced today that it has entered into an investment partnership with BerQ RNG Inc. (“BerQ”), a premier developer of renewable natural gas (“RNG”) projects in the United States and Canada.
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Dairyland Power Cooperative seeks to acquire RockGen Energy Center from Lotus to support renewable energy integration

August 21, 2021

Press Releases

airyland Power Cooperative announced today that it has entered into a purchase agreement to acquire the RockGen Energy Center, a 503 megawatt (MW) natural gas power plant located in Cambridge, Wis., from an affiliate of Starwood Energy Group Global, LLC ("Starwood Energy"). The acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by the end of 2021.
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Lotus and Slate Refining Partner to Develop, Construct and Operate Renewable Fuels Facility

August 17, 2021

Press Releases

Lotus a private investment firm that specializes in energy infrastructure investments, and Slate Refining, LLC ('Slate"), an energy production and wholesale distribution and logistics company, announced today that they have entered into an exclusive agreement to reconfigure Slate's refinery located in Douglas, Wyoming into a state-of-the-art renewable fuels production facility (the "Project").
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Lotus and Leyline Renewable Capital Partner with American Power Ventures

June 30, 2021

Press Releases

Leyline Renewable Capital and Starwood Energy Group Partner with American Power Ventures to Bring Reliability to the Power Grid. Leyline and Lotus financing supports development of 400 MWac of battery storage to sustainably support the power grid in the PJM and ERCOT power marke
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Lotus Acquires Contracted Renewable Portfolio from Consolidated Edison

June 30, 2021

Press Releases

Lotus a leading private investment firm focused on energy infrastructure, announced today that it has closed the acquisition of a 252MW portfolio of operating renewable assets from Consolidated Edison Development Inc. The portfolio consists of Coram Wind, a 102MW wind farm located in Tehachapi, CA, and Crane Solar, a 150MW solar project located in Crane, TX, as well as an adjacent 25MW battery development.
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Lotus proposal to invest $8 billion in power infrastructure in the state of Texas

April 23, 2021

Lotus In The News

The purpose of this letter is to outline for the Electric Reliability Council of Texas ("ERCOT") Board of Directors ("the Board") and for the Public Utility Commission of Texas ("PUTC") a compelling proposal to solve ERCOT's reliability issues as was demonstrated by the energy crisis that occurred in February 2021 and more recently, by the volatility in the market seen in the last few weeks.
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Jeffrey Levy Joins Starwood as Deputy General Counsel and Managing Director

January 4, 2021

Press Releases

Lotus a leading private investment firm focused on energy infrastructure, announced today that Jeffrey Levy has joined the firm as Deputy General Counsel and Managing Director.
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Keynote Interview with Infrastructure Investor | Gas remains vital to the US power market

October 1, 2020

Lotus In The News

California’s blackouts prove that decarbonisation cannot take place overnight, says Starwood Energy chief executive Himanshu Saxena
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Lotus invests in Gulf Coast Ammonia

August 1, 2020

Press Releases

Gulf Coast Ammonia LLC (GCA) announced today that it has closed on non-recourse project financing for its world-scale anhydrous ammonia plant in Texas on December 30, 2019. Construction capital will be provided by a joint venture of Starwood Energy Group Global LLC (Starwood Energy) and Mabanaft GmbH & Co. KG (Mabanaft). The facility will have a production capacity of approximately 1.3 million tons of ammonia per year and will purchase hydrogen and nitrogen gases as feedstock, providing for significant capital efficiency and reduced air emissions. Construction of the facility will begin in early 2020 with commissioning expected in the first half of 2023.
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Michael White Joins Lotus as Senior Vice President

July 31, 2020

Press Releases

Lotus, a leading private investment firm focused on energy infrastructure, announced today that Michael “Mike” White has joined the firm as a Senior Vice President. Mr. White has more than 30 years of executive, operating and development expertise in the chemical and process industries, where he has led the development and execution of a number of large capital projects including greenfield, brownfield and revamp development.
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Lotus Sells Morgantown to Vicinity Energy

July 7, 2020

Press Releases

Vicinity Energy announced today that it has acquired Morgantown Energy Associates, the district energy system serving West Virginia University (WVU) in Morgantown, West Virginia, from an investment affiliate of Starwood Energy Group Global, L.L.C.  This system provides steam to the Big 12 University’s more than 60 buildings located throughout five campuses. Morgantown is now the 12th city served by Vicinity and brings its portfolio to a total of 19 district energy networks.
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Lotus, OGCI Climate Investments and Elysian Ventures launch new Carbon Capture Project

April 2, 2020

Press Releases

Lotus announced today that it has finalized agreements with OGCI Climate Investments (“OGCI CI”) to invest in the development of a large-scale carbon capture facility to be integrated with a natural gas power plant. Starwood and OGCI CI will co-invest in the initial development of the project, which will use commercially available CO2 capture technology and is expected to capture 90% of the CO2 emissions from an existing power facility. The captured CO2 will then be used in enhanced oil recovery and permanently sequestered in an existing oil field. The project will be jointly developed by Starwood and Elysian Ventures, LLC (“Elysian”).
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Lotus and Energy Management Inc. Close on Sale of Lakehurst Solar to Con Edison Development

January 7, 2020

Press Releases

Lotus and Energy Management, Inc. (“EMI”), announced today that it closed on the sale of Lakehurst Solar (“Lakehurst”) to Consolidated Edison Development, Inc. (“Con Edison Development”), a subsidiary of Consolidated Edison, Inc. (NYSE: ED).
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Lotus Terminates Legacy Power Purchase Agreement for its Waste Coal Plant in West Virginia

January 6, 2020

Press Releases

Morgantown Energy Associates (“MEA”), a company owned by controlled affiliates of Starwood Energy Group Global, LLC (“Starwood”), a leading private investment firm focused on energy infrastructure, announced today that it has terminated its Electric Energy Purchase Agreement (“EEPA”) with Monongahela Power Company (“Mon Power”), a subsidiary of FirstEnergy Corp. The early termination was approved by the Public Service Commission of West Virginia (“WVPSC”) and facilitates the early retirement of inefficient coal-fired electrical production at the facility, which has been in service since 1991. The project site will transition to natural gas-fueled steam-only production to support its obligations with West Virginia University (“WVU”), providing reliable steam supply through existing and new infrastructure investments.
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Lotus Closes Acquisition of Lavaca

December 9, 2019

Press Releases

Lotus has closed on the previously announced acquisition of Third Coast Midstream, LLC’s (“Third Coast”) gas gathering infrastructure (the “Gathering Business”) located in and around Lavaca County, TX.
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Lotus' Ten West Link Receives Record of Decision

November 22, 2019

Press Releases

Ten West announced today that its “Ten West Link” transmission project received a Record of Decision (ROD) from the U.S. Bureau of Land Management (BLM). The action solidifies BLM’s preferred alternative route that emerged from the environmental analysis conducted under the Federal National Environmental Policy Act (NEPA) and allows for right-of-way authority where the project crosses Federally-managed land in Arizona and California.
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Lotus To Acquire Lavaca Gas Gathering System From Third Coast Midstream

November 8, 2019

Press Releases

Lotus announced today that it has signed a definitive agreement to acquire Third Coast Midstream, LLC’s (“Third Coast”) gas gathering infrastructure (the “Gathering Business”) located in and around Lavaca County, TX. The Gathering Business includes over 260 miles of natural gas gathering pipes and associated infrastructure and provides gathering and artificial gas lift services to local upstream clients focused on oil and gas production in the Eagle Ford.
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Lotus Closes Acquisitions of Two Gas-Fired Plants From Calpine

July 10, 2019

Press Releases

Lotus announced today that it has completed the acquisition of Garrison Energy Center, a 325MW combined cycle plant located in Delaware, and RockGen Energy Center, a 503MW peaker located in Wisconsin, from Calpine.
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Lotus To Acquire Two Contracted Power Plants From Calpine

April 11, 2019

Press Releases

Lotus announced today that it has signed an agreement to acquire a two-asset portfolio from Calpine Corporation consisting of Garrison Energy Center, a 325MW combined cycle plant located in Delaware, and RockGen Energy Center, a 503MW peaker located in Wisconsin.
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Lotus Completes Acquisition of West Lorain Plant from FirstEnergy Solutions

March 29, 2019

Press Releases

Lotus has completed the acquisition of the 545MW West Lorain power plant from affiliates of FirstEnergy Solutions (“FES”).  West Lorain is a simple cycle peaking unit located just west of Cleveland in the constrained ATSI load zone of PJM.
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Himanshu Saxena named ACORE board member 2019

January 15, 2019

Lotus In The News

Executives from Lincoln Clean Energy, E.ON North America, Pattern Energy Group and Starwood Energy Group Join Board to Accelerate the U.S. Transition to Renewable Power
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Lotus Completes Purchase of two Combined-Cycle Plants from Dominion Energy

December 14, 2018

Press Releases

Lotus completed today the acquisition of two combined-cycle gas turbine (“CCGT”) power plants totaling 1,708 MW from Dominion Energy (NYSE:D). The two assets are comprised of the 1,240 MW Fairless Power Station (“Fairless”) located in Pennsylvania, and the 468 MW Manchester Street Power Station (“Manchester”) located in Rhode Island.
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Lotus Chairman CEO Himanshu Saxena discusses how the energy industry is responding to a low gas price world

November 30, 2018

Lotus In The News

With gas prices low, and expected to remain low, the profitability of power generation assets has changed. We have around 1,000GW of installed power generation in the US. A little over half of that is coal and nuclear. Before the shale gas revolution, these assets were highly profitable. But with the price of gas so low, there has been a shift on the marginal unit – effectively the last asset that has to run to meet the power demand at any point in the grid. That marginal unit has, generally speaking, become natural gas, so gas is now setting the price of power. In most markets in the US, that price of power is now in the $20 to $30 per megawatt-hour range.
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Lotus to buy West Lorain Facility and Related Assets From FirstEnergy

November 21, 2018

Press Releases

FirstEnergy Generation, LLC (“FG”) announced today that it has agreed to sell its West Lorain Facility and related assets to Vermillion Power, LLC, an affiliate of Lotus for a purchase price of $144 million in cash plus customary closing adjustments .
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Lotus Closes Sale of 50% of Compass Power to JERA

October 26, 2018

Press Releases

Lotus announced today that it has completed the sale to JERA of a 50% interest in the ~1.2GW generation portfolio known as Compass Power.  JERA is an joint venture of two large, Japanese power companies, TEPCO and Chubu Electric.  Lotus did not engage a sellside advisor for the transaction.
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Lotus agrees to sell a 51% interest in Horse Creek and Electra Wind Farm to Skyline Renewables

October 22, 2018

Press Releases

Skyline Renewables, an independent clean energy platform and Lotus announced today that they have reached an agreement for Skyline to purchase Lotus’s 51% interest in the Horse Creek and Electra wind farms.
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Lotus To Acquire Two Combined-Cycle Plants From Dominion Energy

September 24, 2018

Press Releases

Lotus announced today that it has signed an agreement to buy a 100 percent interest in two combined-cycle gas turbine ("CCGT") plants totaling 1,708 MW from Dominion Energy (NYSE: D) for approximately $1.23 billion. The two assets are comprised of the 1,240 MW Fairless Power Station ("Fairless") located in Pennsylvania, and the 468 MW Manchester Street Power Station ("Manchester") located in Rhode Island. The transaction is subject to customary regulatory approvals and is expected to close by the end of 2018.
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Lotus Completes Purchase of Dighton & Milford Facilities

September 22, 2018

Press Releases

Lotus has closed on the sale of its Dighton and Milford energy facilities to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects. The purchase price for the facilities was $119 million.
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Lotus to Sell Hudson Transmission Line to Argo

September 19, 2018

Press Releases

Ares EIF, the power and infrastructure strategy at Ares Management, L.P. (NYSE: ARES), and Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that they have signed an agreement to sell their respective interests in Hudson Transmission Partners, LLC (“HTP”) to an investment vehicle managed by Argo Infrastructure Partners, LLC. Financial details were not disclosed. A subsidiary of PowerBridge, LLC of Fairfield, CT, the developer of the project, will continue to operate and maintain the asset on behalf of Argo Infrastructure and other stakeholders. The transaction is subject to customary regulatory approvals and is expected to close later in 2018 or in early 2019.
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Lotus Achieves Major Milestone In Ten West Link Transmission Project

September 4, 2018

Press Releases

DCR Transmission, LLC (DCRT) welcomed the release of the Draft Environmental Impact Statement (DEIS) for the Ten West Link transmission project.  The U.S. Bureau of Land Management (BLM) announced the commencement of a 90-day public comment period on the DEIS and the preferred alternative route for the project.
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Lotus Closes Financing with Citi, Morgan Stanley and MUFG on 165 MW Wind Project in Texas

August 18, 2018

Press Releases

The Stephens Ranch II project, which represents the second of two phases that will total 377 MW, will use GE 1.7-100 turbines and be built by Wanzek Construction, with completion scheduled for mid-2015.
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Lotus to sell 50% interest in Compass Power Generation to JERA

August 9, 2018

Press Releases

Lotus announced today that it has signed an agreement to sell a 50% equity interest in its Compass Power Generation gas-fired portfolio to JERA. Compass Power Generation is comprised of the 840 MW Marcus Hook Energy Center, the 173 MW Dighton facility and the 160 MW Milford facility.
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Lotus Closes Third Energy Infrastructure Fund

June 30, 2018

Press Releases

Lotus is pleased to announce the final closing of its latest fund, Starwood Energy Infrastructure Fund III (“SEIF III”), with total capital commitments of over $1.2 billion.
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Lotus to sell 105 MW Northwest Ohio Wind Project to CMS Energy Subsidiary

June 25, 2018

Press Releases

Lotus announced today that it has signed an agreement to sell its 105 Megawatt (MW) Northwest Ohio Wind Project to CMS Enterprises, a subsidiary of CMS Energy.  CMS Energy, headquartered in Jackson, MI, has an electric and natural gas utility, Consumers Energy, and also owns and operates other independent power generation businesses through CMS Enterprises.
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Lotus Compass Generation Awarded best North America Conventional Power Project Finance Deal of the Year by Power Finance and Risk

May 21, 2018

Lotus In The News

Power Finance and Risk is pleased to announce the winners of its 15th Annual Deals and Firms of the Year Awards, with added emphasis this year on the leading investment banks in power across the Americas.
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Lotus Expands Senior Leadership Team

April 23, 2018

Press Releases

Lotus announced today that Philipp (“Phil”) Pletka has joined the firm as Managing Director and Alex Daberko, who has been with the firm since 2007, has been promoted to Managing Director. Mr. Pletka and Mr. Daberko will report to Himanshu Saxena, CEO of Starwood Energy Group based out of Greenwich, CT.
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Lotus Chairman and CEO Saxena Sees Energy Storage Flourishing: Interview with Bloomberg New Energy Finance

March 6, 2018

Lotus In The News

Lotus, based in Greenwich, Connecticut, manages equity commitments of more than $3 billion focused on natural gas, renewable power and transmission. It moved into energy storage in 2016 with a $100 million investment in Stem Inc., which develops, owns and operates storage systems at customer sites in exchange for recurring lease payments.
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Lotus Refinances Portfolio of Natural Gas-fired Power Plants

December 20, 2017

Press Releases

The portfolio, known as Compass Power, is comprised of Marcus Hook Energy Center, Milford Power and Dighton Power.
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Himanshu Saxena named CEO

November 8, 2017

Lotus In The News

Saxena joined the firm in January 2008, coming from JPMorgan’s global energy and utilities group. Since 2015, he and former chief executive Brad Nordholm have served as co-heads of Starwood. Saxena said his appointment will not substantially change the firm’s day-to-day operations but will clarify the management structure and reporting lines. Nordholm, the firm’s first chief executive when he joined in 2006, will become Starwood’s vice chairman.
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Lotus Sells Biomass Electric Generating Facility to Gainesville Regional Utilities

November 8, 2017

Press Releases

GAINESVILLE, FLORIDA – Gainesville Renewable Energy Center (GREC), a partnership of Energy Management, Inc., BayCorp Holdings, Starwood Energy and Fagen Power, LLC, has sold its 102.5-megawatt biomass facility to Gainesville Regional Utilities (GRU) for $750 million dollars. The GREC facility reached commercial operation in 2013 and sold all of its energy, capacity, and environmental attributes to GRU under a 30-year Power Purchase Agreement.
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Lotus Closes Financing On 100MW Northwest Ohio Wind Project

November 2, 2017

Press Releases

The project, which will utilize GE 2.5-116 wind turbines, is contracted to sell 100% of its output to General Motors pursuant to a long-term power purchase agreement.  Construction will be performed by White Construction, Inc. and is expected to be completed in fall 2018.
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Lotus Appoints Himanshu Saxena as CEO

November 1, 2017

Press Releases

Lotus announced today that longtime executive Himanshu Saxena will be elevated to the position of CEO of Starwood Energy, effective immediately.
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Lotus Reaches Agreement to buy Four Power Generating Assets

November 1, 2017

Press Releases

The portfolio consists of four facilities (Chambers, located in New Jersey; Logan, located in New Jersey; Morgantown, located in West Virginia; and Plum Point, located in Arkansas) that derive the significant majority of their revenue from availability-based power purchase agreements with investment-grade off-takers and have either a full pass-through or a market index-based reimbursement of fuel costs.
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Lotus and General Motors sign a long-term agreement for renewable energy

September 19, 2017

Press Releases

Lotus announced today that an affiliate has signed a long-term renewable energy power purchase agreement with General Motors.
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Lotus Closes Sale of Minority Interest in two Wind Farms

August 23, 2017

Press Releases

Lotus announced today that it has sold 49% of its interests in the Horse Creek and Electra wind farms to Munich Re Group, advised by its group-internal asset manager MEAG.
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Lotus Reaches Agreement to buy Two Power Generating Assets

July 12, 2017

Press Releases

Lotus signed a purchase and sales agreement with Dynegy (NYSE: DYN) for two assets totaling $119 million. The combined 340 MW (year-round average rating) of assets to be sold include two intermediate gas-fueled plants located in Dighton and Milford, Massachusetts.
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Saxena Named to Cornell CPIP Advisory Board

February 14, 2017

Lotus In The News

The Cornell University Program in Infrastructure Policy (CPIP), Adds More Distinguished Members to its Advisory Board ITHACA, NEW YORK – The Cornell Program in Infrastructure Policy (CPIP) is pleased to announce the addition of new members to its Advisory Board. The appointments were made against the backdrop of significant and growing interest by Washington policy makers about large-scale investments in U.S. infrastructure.
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Lotus allocates $100mm to STEM for Contract Energy Storage Systems

August 11, 2016

Press Releases

MILLBRAE, Calif.-- August 11. 2016 - Stem, Inc., the leader in software-driven energy storage, today announced that its project financing pool now exceeds $350 million with the addition of up to $100 million in new financing from investment affiliates of Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure.
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Lotus Announces deal to acquire Marcus Hook from NextEra

July 29, 2016

Press Releases

NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE:NEE), today announced that one of its subsidiaries has entered into an agreement to sell its ownership interest in its Marcus Hook generating assets to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects. The total consideration to be paid is $760 million, including estimated working capital at closing. Upon closing, NextEra Energy Resources expects the sale to result in net proceeds of approximately $255 million after repayment of the existing project related financing. The impact of the disposition of assets at the time of closing will be excluded from adjusted earnings.
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Lotus and Target’s New Wind Energy Partnership in Texas

July 21, 2016

Press Releases

“At Target, we’re always on the lookout for sustainable ways to operate our facilities,” says John Leisen, vice president, Property Management, Target. “We’re thrilled to make our start with wind power in Texas, a leading market for wind energy. As we learn from this project, we’ll also be looking across the country for more opportunities to get involved in renewable energy projects in communities where we do business.
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Lotus completes purchase of Marcus Hook

June 3, 2016

Press Releases

NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE: NEE), today announced that one of its subsidiaries has completed the sale of its ownership interest in its Marcus Hook generating assets to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects.
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Lotus to Acquire Greenleaf I & II Facilities from MUFG

April 26, 2016

Press Releases

Lotus announced today that an investment affiliate has entered into an agreement with affiliates of Mitsubishi UFJ Financial Group (MUFG) to acquire Greenleaf 1 & 2, two 49.5MW gas-fired power plants located in California.
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Keynote Interview: Saxena and Nordholm on Starwood Energy's Approach to Investing

April 1, 2016

Lotus In The News

When Starwood Capital’s Barry Sternlicht found himself drawn to the energy sector a little over a decade ago, the US energy landscape was substantially different to how it is today. Yet choices made at the time have proven both successful and resilient enough to withstand the dramatic shifts that are ongoing and reshaping the sector.
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Opportunities in Greenfield Energy Infrastructure, Interview by Preqin

February 4, 2016

Lotus In The News

We see those opportunities in developing and building new renewable power stations – including wind power and solar, in new natural gas-fired power plants, in new electric storage facilities and in new electric power transmission projects.
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Lotus Begins Commercial Operations at the Shannon Wind Project

December 15, 2015

Press Releases

Concurrent with commercial operations, subsidiaries of Citi and BHE Renewables have completed a tax equity investment of US$219 million into the project of which proceeds were used primarily to retire the project's construction loan facility.
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Lotus Recipient of the Global Fund Awards 2015, by Corporate Livewire

September 3, 2015

Press Releases

In recent years much of the challenges facing market leaders across a wide range of industries have revolved around attempts to emerge from the global recession but over the last year a series of new obstacles have posed fresh challenges to multinational organisations and their corporate lawyers all around the world.  The Global Awards Guide 2015 champions those who are leading from the front. With more categories and an even greater international spectrum, these awards honour those who standout as consistently showing best practice in every aspect of their work.
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2015 CEO Awards, by Finance Monthly

July 18, 2015

Lotus In The News

We have built a strong team that approaches every opportunity with discipline and integrity. We would not be effective without the efforts of everyone in the group.
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Lotus Wins CAISO Competitive Transmission Solicitation

July 13, 2015

Press Releases

Abengoa and Lotus will undertake joint development of a 114 mile transmission line between Delaney and Colorado River substations, reinforcing the electrical interconnection between both California and Arizona. Abengoa will undertake construction, operation and maintenance of the transmission line. Total investment was initially estimated by CAISO at approximately 300 million dollars.
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Lotus Secures Loan Facility for the Shannon Wind Project

June 30, 2015

Press Releases

Alterra Power and Lotus are pleased to announce the completion of a $287 million construction loan facility (all amounts USD) for the 204 MW Shannon wind project. The facility was supplied by affiliates of Citi, Santander Bank, N.A. and the Royal Bank of Canada, and consists of a $212 million loan plus $75 million in various letters of credit. The loan is supported by a $219 million tax equity investment commitment (subject to typical conditions precedent) supplied by subsidiaries of Citi and Berkshire Hathaway Energy.
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Lotus named Firm of the Year by Finance Monthly

June 16, 2015

Lotus In The News

Lotus is a talented team of energy professionals focused on essential energy infrastructure, primarily in North America. We develop, build and operate large electric power transmission and renewable energy projects, including solar, wind and biomass; we develop and build, or acquire and operate, natural gas-fired power generation plants. We also actively pursue other essential energy infrastructure, including midstream, water and energy storage.
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Lotus named best for Energy Infrastructure - USA by Wealth & Finance

May 26, 2015

Lotus In The News

These prestigious awards are all about giving credit where it’s due to the businesses, departments and individuals setting the pace for others to follow in what is one of the business world’s most diverse and fascinating industries.
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Stephens Ranch Wind Project (Phase II) Becomes Operational

May 22, 2015

Press Releases

Lotus announced today that the 165-megawatt (MW) Stephens Ranch II Wind project in Texas reached commercial operation in May 2015. In addition, tax equity funding committed at the commencement of construction closed, with affiliates of Mitsubishi UFJ Financial Group (MUFG), Citi and Morgan Stanley, providing a source of funds for repayment of the construction loan. Financial details were not disclosed.
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Lotus' Stephens Ranch Wind Project (Phase II) Becomes Operational

May 22, 2015

Press Releases

Lotus announced today that the 165-megawatt (MW) Stephens Ranch II Wind project in Texas reached commercial operation in May 2015. In addition, tax equity funding committed at the commencement of construction closed, with affiliates of Mitsubishi UFJ Financial Group (MUFG), Citi and Morgan Stanley, providing a source of funds for repayment of the construction loan. Financial details were not disclosed.
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Lotus Names Delgado Head of Asset Management

May 7, 2015

Lotus In The News

Lotus is pleased to announce that Jeffrey Delgado has joined the group as a senior vice president. In this newly created role, Mr. Delgado will be responsible for the asset management of Starwood Energy’s operating assets, and will also support the group’s acquisition, development and construction activities.
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Lotus Completes Acquisition of Quail Run Energy Center

February 9, 2015

Press Releases

Lotus announced today that one of its affiliates has completed the purchase of the Quail Run Energy Center natural gas-fired combined cycle electric power generating facility in Odessa, Texas. Starwood Energy assumed ownership and began operating the power plant in January.
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Lotus' Stephens Ranch Wind Project (Phase I) in Texas Becomes Operational

January 26, 2015

Press Releases

Lotus announced today that the 211-megawatt (MW) Stephens Ranch Wind Project in Texas reached commercial operation (COD) in November 2014. In addition, tax equity funding closed with affiliates of GE Energy Financial Services and Santander Bank, N.A. Financial details were not disclosed.
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Lotus to Acquire Lakeside Generation LLC

December 5, 2014

Press Releases

Lotus announced today that an affiliate has entered into an agreement with Lakeside Energy LLC to acquire Lakeside Generation LLC, a 369 MW portfolio of three natural gas facilities, one located in Pennsylvania and two in New York.
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Lotus to Acquire 250 MW Wind Project in Ohio

October 21, 2014

Press Releases

Lotus announced today that  an affiliate has completed agreements to acquire the 250 megawatt (MW)Northwest Ohio Wind Project in Van Wert and Paulding Counties, OH.
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Lotus to Acquire Quail Run Energy Center

September 29, 2014

Press Releases

Lotus announced today that an affiliate has entered into an agreement with affiliates of Exelon Corp. to acquire a natural gas combined cycle electric power generating facility in Odessa, Texas.
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Northwest Mutual Acquires Stake In Neptune regional Transmission System From Lotus

June 16, 2014

Press Releases

Neptune has been operational since 2007 and its 660MW of capacity are fully contracted to the Long Island Power Authority under a 20 year agreement.
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The Interview: Brad Nordholm Discusses the Company's Plans Following Success of Second Energy Infrastructure Fund

April 1, 2014

Lotus In The News

"Our approach tothe market has been yielding excellent results, sowe intend to continue what we are doing and focus on value-add opportunities in power generation and transmission, ultimately creating well-structured investments with contracted cash flow and predictable yield." Starwood Energy Group's CEO, Brad Nordholm, discusses the company's plans following the success of their second energy infrastructure fund.
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Lotus Sells Peaker Power Plants in Ohio

January 27, 2014

Press Releases

Richland-Stryker Investment LLC (RSI) announced today that it has consummated the sale of its wholly owned subsidiary, Richland-Stryker Generation LLC (RSG), to a wholly owned subsidiary of Energy Capital Partners (ECP). Included in the sale of RSG were two gas/oil fired peaking power generation facilities totaling 464 MW: The 444 MW Richland Generation Station located in Defiance, Ohio and the 20 MW Stryker Generation Station located in Stryker, Ohio. Terms of the transaction were not disclosed.
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Starwood Capital Group Closes Second Starwood Energy Fund Above Target

January 7, 2014

Press Releases

SEIF II will follow the middle-market, value-add focus of its predecessor fund, Starwood Energy Infrastructure Fund, L.P. (SEIF I), and invest in wind, solar, natural gas and other power generation and high-voltage transmission assets primarily in North America. SEIF I achieved its final closing in June, 2008 with total capital commitments of $433 million, and has received distributions totaling $287 million – approximately two-thirds of its investment commitments - from its energy assets.
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Lotus Closes Financing with GE, Citi and Santander on 211-MW Wind Project in TX

January 7, 2014

Press Releases

The Stephens Ranch project, which represents the first of two phases that will total 377 MW, will use GE 1.7-100 turbines and be built by Wanzek Construction, with completion scheduled for late 2014.
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Lotus in JV with Siemens and EMI for Development of Energy Infrastructure at Joint Based McQuire-Dix-Lakehurst

November 8, 2013

Press Releases

In JV with Siemens and EMI for Development of Energy Infrastructure at Joint Based McQuire-Dix-Lakehurst 11/8/2013 - JOINT BASE SAN ANTONIO-LACKLAND, Texas -- The Air Force will enter into negotiations with the Starwood Siemens team to lease real property at Joint Base McGuire- Dix- Lakehurst, N.J., for an energy-based enhanced use lease, or EUL.
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Lotus Announces the sale of California Power Plant

September 9, 2013

Press Releases

Midway, which was exclusively developed and constructed by Starwood Energy, achieved commercial operations in May 2009. The facility is party to a tolling agreement with Pacific Gas & Electric which runs through 2024. Sumitomo Mitsui Banking Corporation and Portigon Financial Services provided the original construction and term debt facility, which will remain in place post-closing.
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Lotus Acquires Stephens Ranch Wind Project in Texas

August 12, 2013

Press Releases

Lotus and Mesa Power Group ("Mesa Power") are pleased to announce Starwood Energy's investment affiliate's acquisition of the 377 megawatt Stephens Ranch Wind Project (the "Project"), located in Borden and Lynn Counties, Texas covering more than 47,000 acres.
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All Fired Up: Lotus Looking to Seize the Moment in North America's Evolving Energy Sector

July 1, 2013

Lotus In The News

Starwood Energy Group Global’s Brad Nordholm explains how his firm is looking to seize the moment in North America’s evolving energy sector
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Lotus Achieves Financial Close on FieStar Projects and Sells Its Interest

June 28, 2013

Press Releases

Lotus announced today that its investment affiliate known as Fiestar Joint Venture Partnership (“FieStar”) has closed construction financing on four photovoltaic solar projects totaling 42 MWDC located in Ontario. Simultaneous with the closing, Starwood Energy sold its 50% interest in FieStar to its joint venture partner, Fiera Axium Infrastructure, a Canadian infrastructure fund.
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Hudson Transmission Project Begins Delivering Power to New York City

June 3, 2013

Press Releases

Energy Investors Funds (“EIF”) and Starwood Energy Infrastructure Fund I, LP (“Starwood ”), an affiliate of Starwood Energy Group Global LLC, both established private investment firms focused on the energy sector, announced today that after extensive testing, the Hudson Transmission project (“Hudson”), a 660 megawatt undersea/underground electric transmission link between Ridgefield, N.J. and New York, N.Y., began delivering power to customers of the New York Power Authority (“NYPA”). The project, which was completed ahead of schedule, will now service clients including the Metropolitan Transit Authority, the New York City Housing Authority, and the Port Authority of New York and New Jersey.
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Lotus Announces the Sale of Sault Ste. Marie Solar Projects

February 15, 2013

Press Releases

Lotus announced today that its investment affiliates have sold three solar photovoltaic (“PV”) projects located in Sault Ste. Marie, Ontario with a combined capacity of approximately 69 MWDC (the “SSM Projects”) to an investment vehicle formed by KKR’s Global Infrastructure Fund. The terms of the transaction were not disclosed.
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STARWOOD ENERGY COMPLETES FINAL PHASE OF 69 MEGAWATT SAULT STE.MARIE SOLAR PROJECT

May 30, 2012

Press Releases

Greenwich, CT – May 30, 2012 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, announced that it has completed the final phase of its 69 megawatt-DC (MW) solar photovoltaic (PV) project located in Sault Ste. Marie, Ontario (the "Project").
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Hudson Transmission Line, USA

March 21, 2012

Press Releases

When Hudson Transmission Partners (HTP) reached financial close for the Hudson Transmission line HTP's chief executive, Ed Stern, said: "Closing financing and issuing notice to proceed represents almost six years of effort in conceiving the project, obtaining key permits, acquiring real estate rights, and negotiating major agreements." And he was not kidding.
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STARWOOD ENERGY CLOSES ACQUSITION OF A PARTIAL OWNERSHIP INTEREST IN A 100 MEGAWATT BIOMASS POWER PROJECT IN GAINESVILLE, FLORIDA

January 17, 2012

Press Releases

Greenwich, CT – January 17, 2012 – An investment affiliate of Starwood Energy Group Global, LLC (“Starwood Energy”), an energy infrastructure investment firm, has acquired a partial ownership interest in the Gainesville Renewable Energy Center ("GREC") from Tyr Energy, Inc. GREC is a 100 MW biomass power plant currently under construction in Gainesville, Florida. The acquisition was signed and closed on December 30, 2011
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CATE STREET CAPITAL AND STARWOOD ENERGY CLOSE FINANCING FOR A 75 MEGAWATT BIOMASS POWER PROJECT IN BERLIN NEW HAMPSHIRE

September 14, 2011

Press Releases

Portsmouth, NH and Greenwich, CT – September 14, 2011 – Cate Street Capital, Inc. ("Cate Street, a national leader in developing green technology companies, and Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy projects, have closed financing for a $275 million biomass power plant ("Berlin Station" or the "Project") in Berlin, New Hampshire and will begin construction immediately.
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STARWOOD ENERGY CLOSES FINANCING FOR FINAL 10 MEGAWATT PHASE OF 60 MEGAWATT SOLAR PROJECT IN SAULT STE. MARIE

June 29, 2011

Press Releases

Greenwich, CT – June 29, 2011 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood SSM3 Canada, L.P., has reached financial close on a 10 megawatt (MW) AC solar photovoltaic project in the City of Sault Ste. Marie, Ontario (“Starwood SSM3”).
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Hudson Transmission Partners Closes $850 Million Financing for Transmission Project

May 23, 2011

Press Releases

Hudson Transmission Partners, LLC (“HTP”), developer of the Hudson Transmission project, an underground and underwater cable between New Jersey and Manhattan, has announced that it has closed financing totaling more than $850 million in debt and equity for construction of the project. In conjunction with the closing, HTP has issued Notice to Proceed to its principal contractors, Siemens Power Transmission and Distribution, Inc. and Prysmian Cables and Systems USA, LLC.
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STARWOOD ENERGY ANNOUNCES CLOSE OF FINANCING FOR A 30 MEGAWATT SOLAR PROJECT IN SAULT STE. MARIE

September 28, 2010

Press Releases

Financing for Combined 50 MW AC Project is Largest Closed to Date for a North American PV Solar Generation Facility Greenwich, CT – September 28, 2010 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood SSM2 Canada Incorporated, has reached financial close on a 30 megawatt (MW) AC solar photovoltaic project in the City of Sault Ste. Marie, Ontario(“Starwood SSM2”).
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Nautilus Solar Energy Announces Expansion of Operations in Ontario

July 18, 2010

Press Releases

Summit, N.J., July 18, 2010 /PRNewswire/ -- Nautilus Solar Energy, LLC (“Nautilus Solar”) today announced the expansion of operations in Ontario, Canada with the formation of Nautilus Solar Canada Limited Partnership (“Nautilus Solar Canada LP”). Nautilus Solar Canada LP has an initial portfolio of 2.75MW AC of rooftop projects under contract from the Ontario Power Authority (“OPA”).
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STARWOOD ENERGY ANNOUNCES CLOSE OF FINANCING FOR A 20 MEGAWATT SOLAR POWER GENERATION PROJECT IN SAULT STE. MARIE

January 7, 2010

Press Releases

Greenwich, CT – January 7, 2010 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood SSM1 Canada Incorporated (“Starwood SSM1”) has completed agreements to finance and construct a 20 megawatt (MW) solar photovoltaic project in the City of Sault Ste. Marie, Ontario
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STARWOOD ENERGY SIGNS POWER PURCHASE AGREEMENT WITH ARIZONA PUBLIC SERVICE CO.; TO BUILD THE WORLD’S LARGEST DISPATCHABLE SOLAR PLANT WITH LOCKHEED MARTIN

May 22, 2009

Press Releases

Solar-Thermal Electric Generating Facility Will Produce Up to 290 MWs of Clean Electrical Power and Serve Nearly 73,000 Customers Project is Latest Result of Starwood Energy's Alliance with Lockheed Martin to Build Utility-Scale Solar Energy Facilities GREENWICH, CT – May 22, 2009 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood Solar I, LLC (“Starwood Solar”) has signed a definitive power purchase agreement (“PPA”) with Arizona Public Service Company. (“APS”).
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Starwood Energy Announces the Completion of the Starwood Midway Power Plant in California

May 12, 2009

Press Releases

Greenwich, CT – May 12, 2009 – Starwood Energy Group Global, LLC (Starwood Energy), a private investment firm that focuses on energy infrastructure investment, announced today the completion of construction of the Starwood Midway-Power Plant
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NeuVentus Announces Moss Bluff Project

May 17, 2023

Press Releases

Moss Bluff Salt Dome is Located in the Heart of Existing Hydrogen Infrastructure and Energy Transition Hubs HOUSTON, May 17, 2023/PRNewswire/ -- NeuVentus, LLC ("NeuVentus") today announced it has secured site control and other ancillary agreements providing for development rights (the “Agreements”) with GCL/Kyle Dome Storage, LLC and GC Land, LLC on the Moss Bluff Salt Dome in Liberty and Chambers Counties, Texas.
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Lotus Infrastructure Partners Launches NeuVentus

February 16, 2023

Press Releases

Lotus today announced the launch of NeuVentus, LLC ("NeuVentus"). NeuVentus is a newly established platform focused on developing and delivering hydrogen pipeline transportation and salt cavern hydrogen storage projects, as well as related services, that help to accelerate North America's energy transition. Lotus Infra was formerly known as Starwood Energy. NeuVentus
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TS Conductor Opens First U.S. Production Facility, Announces New Board and Advisory Members

January 26, 2023

Press Releases

In August 2022, TS Conductor and Starwood Energy Group — now Lotus Infrastructure Partners — unveiled a $100 million joint venture to finance deployment with grid operators in North America. Previously, in
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Ten West Link Commemorates Start of Construction on Transmission Line Connecting California and the Desert Southwest

January 20, 2023

Press Releases

Important Grid Infrastructure Project owned by Lotus Infrastructure Partners Receives National Focus at Groundbreaking Celebration in Arizona
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Introducing Lotus Infrastructure Partners

January 2, 2023

Press Releases

GREENWICH, Conn., Jan. 2, 2023 Starwood Energy Group Global ("Starwood Energy"), founded in 2005, today announced the creation of Lotus Infrastructure Partners ("Lotus Infra" or the "Firm"), the successor firm to Starwood Energy, effective as of January 1st, 2023.
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New Jersey’s Last Operating Coal Fired Power Plant Imploded

December 2, 2022

Press Releases

New Jersey state dignitaries, environmental advocates and energy executives gathered today at the Logan Generating site in Swedesboro, NJ to witness the implosion of the State’s last operating coal fired power plant.
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Lotus and energyRe Announce Launch of Radial Power

September 21, 2022

Press Releases

Radial Power is a joint venture comprised of investment affiliates of energyRe and Starwood Energy, the large-scale energy affiliates of the Related Companies and of Starwood Capital Group respectively
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Lotus and TS Conductor Announce $100 million Joint Venture to Bring Energy Performance Contracting Approaches to Power Grid Infrastructure

August 25, 2022

Press Releases

Lotus and TS Conductor Corp. (“TS Conductor”), a pioneer in high-performance transmission and distribution wires for electricity grids, today announced the creation of a $100 million joint venture, Gridline Finance InvestCo, LLC. The joint venture unlocks an innovative method for financing much-needed grid modernization, including reconductoring existing lines and building new lines, to accelerate the energy transition and integrate more renewable generation.
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Lotus and Atlantic City Electric Receive New Jersey BPU Approval on Agreement to Cease Coal Usage

March 23, 2022

Press Releases

Lotus and Atlantic City Electric Receive New Jersey BPU Approval on Agreement to Cease Coal Usage at The Last Two Coal Plants in New Jersey.
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Lotus Signs Agreement to Support Development of Linden Renewable Energy Project

January 27, 2022

Press Releases

RNG Energy Solutions, LLC, a New Hampshire-based developer of complex energy infrastructure projects, announced today that it has completed the development phase of the Linden Renewable Energy Project (“LRE” or “LRE Project”), a large organic waste anaerobic digester project located in Linden, New Jersey.
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Lotus completes sale of RockGen plant to Dairyland Power

December 16, 2021

Press Releases

Dairyland Power Cooperative has announced plans to buy the 503-megawatt RockGen Energy Center near Cambridge. The natural gas generator is used primarily to provide electricity during times of peak demand.
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Ten West Link Transmission Line receives California Public Utilities Commission Approval

November 8, 2021

Press Releases

On November 4, 2021, the California Public Utilities Commission (“CPUC”) unanimously approved the issuance of a Certificate of Public Convenience and Necessity for the construction and operation of the Ten West Link high-voltage transmission project (“Ten West Link”).  Ten West Link will improve grid efficiency and reliability, while enabling new renewable energy and energy storage resources.
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Lotus Partners with BerQ RNG to Develop and Acquire Renewable Natural Gas Projects

September 7, 2021

Press Releases

Lotus announced today that it has entered into an investment partnership with BerQ RNG Inc. (“BerQ”), a premier developer of renewable natural gas (“RNG”) projects in the United States and Canada.
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Dairyland Power Cooperative seeks to acquire RockGen Energy Center from Lotus to support renewable energy integration

August 21, 2021

Press Releases

airyland Power Cooperative announced today that it has entered into a purchase agreement to acquire the RockGen Energy Center, a 503 megawatt (MW) natural gas power plant located in Cambridge, Wis., from an affiliate of Starwood Energy Group Global, LLC ("Starwood Energy"). The acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by the end of 2021.
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Lotus and Slate Refining Partner to Develop, Construct and Operate Renewable Fuels Facility

August 17, 2021

Press Releases

Lotus a private investment firm that specializes in energy infrastructure investments, and Slate Refining, LLC ('Slate"), an energy production and wholesale distribution and logistics company, announced today that they have entered into an exclusive agreement to reconfigure Slate's refinery located in Douglas, Wyoming into a state-of-the-art renewable fuels production facility (the "Project").
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Lotus and Leyline Renewable Capital Partner with American Power Ventures

June 30, 2021

Press Releases

Leyline Renewable Capital and Starwood Energy Group Partner with American Power Ventures to Bring Reliability to the Power Grid. Leyline and Lotus financing supports development of 400 MWac of battery storage to sustainably support the power grid in the PJM and ERCOT power marke
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Lotus Acquires Contracted Renewable Portfolio from Consolidated Edison

June 30, 2021

Press Releases

Lotus a leading private investment firm focused on energy infrastructure, announced today that it has closed the acquisition of a 252MW portfolio of operating renewable assets from Consolidated Edison Development Inc. The portfolio consists of Coram Wind, a 102MW wind farm located in Tehachapi, CA, and Crane Solar, a 150MW solar project located in Crane, TX, as well as an adjacent 25MW battery development.
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Jeffrey Levy Joins Starwood as Deputy General Counsel and Managing Director

January 4, 2021

Press Releases

Lotus a leading private investment firm focused on energy infrastructure, announced today that Jeffrey Levy has joined the firm as Deputy General Counsel and Managing Director.
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Lotus invests in Gulf Coast Ammonia

August 1, 2020

Press Releases

Gulf Coast Ammonia LLC (GCA) announced today that it has closed on non-recourse project financing for its world-scale anhydrous ammonia plant in Texas on December 30, 2019. Construction capital will be provided by a joint venture of Starwood Energy Group Global LLC (Starwood Energy) and Mabanaft GmbH & Co. KG (Mabanaft). The facility will have a production capacity of approximately 1.3 million tons of ammonia per year and will purchase hydrogen and nitrogen gases as feedstock, providing for significant capital efficiency and reduced air emissions. Construction of the facility will begin in early 2020 with commissioning expected in the first half of 2023.
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Michael White Joins Lotus as Senior Vice President

July 31, 2020

Press Releases

Lotus, a leading private investment firm focused on energy infrastructure, announced today that Michael “Mike” White has joined the firm as a Senior Vice President. Mr. White has more than 30 years of executive, operating and development expertise in the chemical and process industries, where he has led the development and execution of a number of large capital projects including greenfield, brownfield and revamp development.
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Lotus Sells Morgantown to Vicinity Energy

July 7, 2020

Press Releases

Vicinity Energy announced today that it has acquired Morgantown Energy Associates, the district energy system serving West Virginia University (WVU) in Morgantown, West Virginia, from an investment affiliate of Starwood Energy Group Global, L.L.C.  This system provides steam to the Big 12 University’s more than 60 buildings located throughout five campuses. Morgantown is now the 12th city served by Vicinity and brings its portfolio to a total of 19 district energy networks.
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Lotus, OGCI Climate Investments and Elysian Ventures launch new Carbon Capture Project

April 2, 2020

Press Releases

Lotus announced today that it has finalized agreements with OGCI Climate Investments (“OGCI CI”) to invest in the development of a large-scale carbon capture facility to be integrated with a natural gas power plant. Starwood and OGCI CI will co-invest in the initial development of the project, which will use commercially available CO2 capture technology and is expected to capture 90% of the CO2 emissions from an existing power facility. The captured CO2 will then be used in enhanced oil recovery and permanently sequestered in an existing oil field. The project will be jointly developed by Starwood and Elysian Ventures, LLC (“Elysian”).
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Lotus and Energy Management Inc. Close on Sale of Lakehurst Solar to Con Edison Development

January 7, 2020

Press Releases

Lotus and Energy Management, Inc. (“EMI”), announced today that it closed on the sale of Lakehurst Solar (“Lakehurst”) to Consolidated Edison Development, Inc. (“Con Edison Development”), a subsidiary of Consolidated Edison, Inc. (NYSE: ED).
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Lotus Terminates Legacy Power Purchase Agreement for its Waste Coal Plant in West Virginia

January 6, 2020

Press Releases

Morgantown Energy Associates (“MEA”), a company owned by controlled affiliates of Starwood Energy Group Global, LLC (“Starwood”), a leading private investment firm focused on energy infrastructure, announced today that it has terminated its Electric Energy Purchase Agreement (“EEPA”) with Monongahela Power Company (“Mon Power”), a subsidiary of FirstEnergy Corp. The early termination was approved by the Public Service Commission of West Virginia (“WVPSC”) and facilitates the early retirement of inefficient coal-fired electrical production at the facility, which has been in service since 1991. The project site will transition to natural gas-fueled steam-only production to support its obligations with West Virginia University (“WVU”), providing reliable steam supply through existing and new infrastructure investments.
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Lotus Closes Acquisition of Lavaca

December 9, 2019

Press Releases

Lotus has closed on the previously announced acquisition of Third Coast Midstream, LLC’s (“Third Coast”) gas gathering infrastructure (the “Gathering Business”) located in and around Lavaca County, TX.
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Lotus' Ten West Link Receives Record of Decision

November 22, 2019

Press Releases

Ten West announced today that its “Ten West Link” transmission project received a Record of Decision (ROD) from the U.S. Bureau of Land Management (BLM). The action solidifies BLM’s preferred alternative route that emerged from the environmental analysis conducted under the Federal National Environmental Policy Act (NEPA) and allows for right-of-way authority where the project crosses Federally-managed land in Arizona and California.
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Lotus To Acquire Lavaca Gas Gathering System From Third Coast Midstream

November 8, 2019

Press Releases

Lotus announced today that it has signed a definitive agreement to acquire Third Coast Midstream, LLC’s (“Third Coast”) gas gathering infrastructure (the “Gathering Business”) located in and around Lavaca County, TX. The Gathering Business includes over 260 miles of natural gas gathering pipes and associated infrastructure and provides gathering and artificial gas lift services to local upstream clients focused on oil and gas production in the Eagle Ford.
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Lotus Closes Acquisitions of Two Gas-Fired Plants From Calpine

July 10, 2019

Press Releases

Lotus announced today that it has completed the acquisition of Garrison Energy Center, a 325MW combined cycle plant located in Delaware, and RockGen Energy Center, a 503MW peaker located in Wisconsin, from Calpine.
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Lotus To Acquire Two Contracted Power Plants From Calpine

April 11, 2019

Press Releases

Lotus announced today that it has signed an agreement to acquire a two-asset portfolio from Calpine Corporation consisting of Garrison Energy Center, a 325MW combined cycle plant located in Delaware, and RockGen Energy Center, a 503MW peaker located in Wisconsin.
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Lotus Completes Acquisition of West Lorain Plant from FirstEnergy Solutions

March 29, 2019

Press Releases

Lotus has completed the acquisition of the 545MW West Lorain power plant from affiliates of FirstEnergy Solutions (“FES”).  West Lorain is a simple cycle peaking unit located just west of Cleveland in the constrained ATSI load zone of PJM.
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Lotus Completes Purchase of two Combined-Cycle Plants from Dominion Energy

December 14, 2018

Press Releases

Lotus completed today the acquisition of two combined-cycle gas turbine (“CCGT”) power plants totaling 1,708 MW from Dominion Energy (NYSE:D). The two assets are comprised of the 1,240 MW Fairless Power Station (“Fairless”) located in Pennsylvania, and the 468 MW Manchester Street Power Station (“Manchester”) located in Rhode Island.
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Lotus to buy West Lorain Facility and Related Assets From FirstEnergy

November 21, 2018

Press Releases

FirstEnergy Generation, LLC (“FG”) announced today that it has agreed to sell its West Lorain Facility and related assets to Vermillion Power, LLC, an affiliate of Lotus for a purchase price of $144 million in cash plus customary closing adjustments .
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Lotus Closes Sale of 50% of Compass Power to JERA

October 26, 2018

Press Releases

Lotus announced today that it has completed the sale to JERA of a 50% interest in the ~1.2GW generation portfolio known as Compass Power.  JERA is an joint venture of two large, Japanese power companies, TEPCO and Chubu Electric.  Lotus did not engage a sellside advisor for the transaction.
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Lotus agrees to sell a 51% interest in Horse Creek and Electra Wind Farm to Skyline Renewables

October 22, 2018

Press Releases

Skyline Renewables, an independent clean energy platform and Lotus announced today that they have reached an agreement for Skyline to purchase Lotus’s 51% interest in the Horse Creek and Electra wind farms.
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Lotus To Acquire Two Combined-Cycle Plants From Dominion Energy

September 24, 2018

Press Releases

Lotus announced today that it has signed an agreement to buy a 100 percent interest in two combined-cycle gas turbine ("CCGT") plants totaling 1,708 MW from Dominion Energy (NYSE: D) for approximately $1.23 billion. The two assets are comprised of the 1,240 MW Fairless Power Station ("Fairless") located in Pennsylvania, and the 468 MW Manchester Street Power Station ("Manchester") located in Rhode Island. The transaction is subject to customary regulatory approvals and is expected to close by the end of 2018.
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Lotus Completes Purchase of Dighton & Milford Facilities

September 22, 2018

Press Releases

Lotus has closed on the sale of its Dighton and Milford energy facilities to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects. The purchase price for the facilities was $119 million.
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Lotus to Sell Hudson Transmission Line to Argo

September 19, 2018

Press Releases

Ares EIF, the power and infrastructure strategy at Ares Management, L.P. (NYSE: ARES), and Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that they have signed an agreement to sell their respective interests in Hudson Transmission Partners, LLC (“HTP”) to an investment vehicle managed by Argo Infrastructure Partners, LLC. Financial details were not disclosed. A subsidiary of PowerBridge, LLC of Fairfield, CT, the developer of the project, will continue to operate and maintain the asset on behalf of Argo Infrastructure and other stakeholders. The transaction is subject to customary regulatory approvals and is expected to close later in 2018 or in early 2019.
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Lotus Achieves Major Milestone In Ten West Link Transmission Project

September 4, 2018

Press Releases

DCR Transmission, LLC (DCRT) welcomed the release of the Draft Environmental Impact Statement (DEIS) for the Ten West Link transmission project.  The U.S. Bureau of Land Management (BLM) announced the commencement of a 90-day public comment period on the DEIS and the preferred alternative route for the project.
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Lotus Closes Financing with Citi, Morgan Stanley and MUFG on 165 MW Wind Project in Texas

August 18, 2018

Press Releases

The Stephens Ranch II project, which represents the second of two phases that will total 377 MW, will use GE 1.7-100 turbines and be built by Wanzek Construction, with completion scheduled for mid-2015.
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Lotus to sell 50% interest in Compass Power Generation to JERA

August 9, 2018

Press Releases

Lotus announced today that it has signed an agreement to sell a 50% equity interest in its Compass Power Generation gas-fired portfolio to JERA. Compass Power Generation is comprised of the 840 MW Marcus Hook Energy Center, the 173 MW Dighton facility and the 160 MW Milford facility.
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Lotus Closes Third Energy Infrastructure Fund

June 30, 2018

Press Releases

Lotus is pleased to announce the final closing of its latest fund, Starwood Energy Infrastructure Fund III (“SEIF III”), with total capital commitments of over $1.2 billion.
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Lotus to sell 105 MW Northwest Ohio Wind Project to CMS Energy Subsidiary

June 25, 2018

Press Releases

Lotus announced today that it has signed an agreement to sell its 105 Megawatt (MW) Northwest Ohio Wind Project to CMS Enterprises, a subsidiary of CMS Energy.  CMS Energy, headquartered in Jackson, MI, has an electric and natural gas utility, Consumers Energy, and also owns and operates other independent power generation businesses through CMS Enterprises.
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Lotus Expands Senior Leadership Team

April 23, 2018

Press Releases

Lotus announced today that Philipp (“Phil”) Pletka has joined the firm as Managing Director and Alex Daberko, who has been with the firm since 2007, has been promoted to Managing Director. Mr. Pletka and Mr. Daberko will report to Himanshu Saxena, CEO of Starwood Energy Group based out of Greenwich, CT.
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Lotus Refinances Portfolio of Natural Gas-fired Power Plants

December 20, 2017

Press Releases

The portfolio, known as Compass Power, is comprised of Marcus Hook Energy Center, Milford Power and Dighton Power.
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Lotus Sells Biomass Electric Generating Facility to Gainesville Regional Utilities

November 8, 2017

Press Releases

GAINESVILLE, FLORIDA – Gainesville Renewable Energy Center (GREC), a partnership of Energy Management, Inc., BayCorp Holdings, Starwood Energy and Fagen Power, LLC, has sold its 102.5-megawatt biomass facility to Gainesville Regional Utilities (GRU) for $750 million dollars. The GREC facility reached commercial operation in 2013 and sold all of its energy, capacity, and environmental attributes to GRU under a 30-year Power Purchase Agreement.
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Lotus Closes Financing On 100MW Northwest Ohio Wind Project

November 2, 2017

Press Releases

The project, which will utilize GE 2.5-116 wind turbines, is contracted to sell 100% of its output to General Motors pursuant to a long-term power purchase agreement.  Construction will be performed by White Construction, Inc. and is expected to be completed in fall 2018.
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Lotus Appoints Himanshu Saxena as CEO

November 1, 2017

Press Releases

Lotus announced today that longtime executive Himanshu Saxena will be elevated to the position of CEO of Starwood Energy, effective immediately.
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Lotus Reaches Agreement to buy Four Power Generating Assets

November 1, 2017

Press Releases

The portfolio consists of four facilities (Chambers, located in New Jersey; Logan, located in New Jersey; Morgantown, located in West Virginia; and Plum Point, located in Arkansas) that derive the significant majority of their revenue from availability-based power purchase agreements with investment-grade off-takers and have either a full pass-through or a market index-based reimbursement of fuel costs.
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Lotus and General Motors sign a long-term agreement for renewable energy

September 19, 2017

Press Releases

Lotus announced today that an affiliate has signed a long-term renewable energy power purchase agreement with General Motors.
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Lotus Closes Sale of Minority Interest in two Wind Farms

August 23, 2017

Press Releases

Lotus announced today that it has sold 49% of its interests in the Horse Creek and Electra wind farms to Munich Re Group, advised by its group-internal asset manager MEAG.
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Lotus Reaches Agreement to buy Two Power Generating Assets

July 12, 2017

Press Releases

Lotus signed a purchase and sales agreement with Dynegy (NYSE: DYN) for two assets totaling $119 million. The combined 340 MW (year-round average rating) of assets to be sold include two intermediate gas-fueled plants located in Dighton and Milford, Massachusetts.
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Lotus allocates $100mm to STEM for Contract Energy Storage Systems

August 11, 2016

Press Releases

MILLBRAE, Calif.-- August 11. 2016 - Stem, Inc., the leader in software-driven energy storage, today announced that its project financing pool now exceeds $350 million with the addition of up to $100 million in new financing from investment affiliates of Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure.
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Lotus Announces deal to acquire Marcus Hook from NextEra

July 29, 2016

Press Releases

NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE:NEE), today announced that one of its subsidiaries has entered into an agreement to sell its ownership interest in its Marcus Hook generating assets to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects. The total consideration to be paid is $760 million, including estimated working capital at closing. Upon closing, NextEra Energy Resources expects the sale to result in net proceeds of approximately $255 million after repayment of the existing project related financing. The impact of the disposition of assets at the time of closing will be excluded from adjusted earnings.
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Lotus and Target’s New Wind Energy Partnership in Texas

July 21, 2016

Press Releases

“At Target, we’re always on the lookout for sustainable ways to operate our facilities,” says John Leisen, vice president, Property Management, Target. “We’re thrilled to make our start with wind power in Texas, a leading market for wind energy. As we learn from this project, we’ll also be looking across the country for more opportunities to get involved in renewable energy projects in communities where we do business.
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Lotus completes purchase of Marcus Hook

June 3, 2016

Press Releases

NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE: NEE), today announced that one of its subsidiaries has completed the sale of its ownership interest in its Marcus Hook generating assets to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects.
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Lotus to Acquire Greenleaf I & II Facilities from MUFG

April 26, 2016

Press Releases

Lotus announced today that an investment affiliate has entered into an agreement with affiliates of Mitsubishi UFJ Financial Group (MUFG) to acquire Greenleaf 1 & 2, two 49.5MW gas-fired power plants located in California.
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Lotus Begins Commercial Operations at the Shannon Wind Project

December 15, 2015

Press Releases

Concurrent with commercial operations, subsidiaries of Citi and BHE Renewables have completed a tax equity investment of US$219 million into the project of which proceeds were used primarily to retire the project's construction loan facility.
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Lotus Recipient of the Global Fund Awards 2015, by Corporate Livewire

September 3, 2015

Press Releases

In recent years much of the challenges facing market leaders across a wide range of industries have revolved around attempts to emerge from the global recession but over the last year a series of new obstacles have posed fresh challenges to multinational organisations and their corporate lawyers all around the world.  The Global Awards Guide 2015 champions those who are leading from the front. With more categories and an even greater international spectrum, these awards honour those who standout as consistently showing best practice in every aspect of their work.
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Lotus Wins CAISO Competitive Transmission Solicitation

July 13, 2015

Press Releases

Abengoa and Lotus will undertake joint development of a 114 mile transmission line between Delaney and Colorado River substations, reinforcing the electrical interconnection between both California and Arizona. Abengoa will undertake construction, operation and maintenance of the transmission line. Total investment was initially estimated by CAISO at approximately 300 million dollars.
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Lotus Secures Loan Facility for the Shannon Wind Project

June 30, 2015

Press Releases

Alterra Power and Lotus are pleased to announce the completion of a $287 million construction loan facility (all amounts USD) for the 204 MW Shannon wind project. The facility was supplied by affiliates of Citi, Santander Bank, N.A. and the Royal Bank of Canada, and consists of a $212 million loan plus $75 million in various letters of credit. The loan is supported by a $219 million tax equity investment commitment (subject to typical conditions precedent) supplied by subsidiaries of Citi and Berkshire Hathaway Energy.
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Stephens Ranch Wind Project (Phase II) Becomes Operational

May 22, 2015

Press Releases

Lotus announced today that the 165-megawatt (MW) Stephens Ranch II Wind project in Texas reached commercial operation in May 2015. In addition, tax equity funding committed at the commencement of construction closed, with affiliates of Mitsubishi UFJ Financial Group (MUFG), Citi and Morgan Stanley, providing a source of funds for repayment of the construction loan. Financial details were not disclosed.
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Lotus' Stephens Ranch Wind Project (Phase II) Becomes Operational

May 22, 2015

Press Releases

Lotus announced today that the 165-megawatt (MW) Stephens Ranch II Wind project in Texas reached commercial operation in May 2015. In addition, tax equity funding committed at the commencement of construction closed, with affiliates of Mitsubishi UFJ Financial Group (MUFG), Citi and Morgan Stanley, providing a source of funds for repayment of the construction loan. Financial details were not disclosed.
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Lotus Completes Acquisition of Quail Run Energy Center

February 9, 2015

Press Releases

Lotus announced today that one of its affiliates has completed the purchase of the Quail Run Energy Center natural gas-fired combined cycle electric power generating facility in Odessa, Texas. Starwood Energy assumed ownership and began operating the power plant in January.
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Lotus' Stephens Ranch Wind Project (Phase I) in Texas Becomes Operational

January 26, 2015

Press Releases

Lotus announced today that the 211-megawatt (MW) Stephens Ranch Wind Project in Texas reached commercial operation (COD) in November 2014. In addition, tax equity funding closed with affiliates of GE Energy Financial Services and Santander Bank, N.A. Financial details were not disclosed.
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Lotus to Acquire Lakeside Generation LLC

December 5, 2014

Press Releases

Lotus announced today that an affiliate has entered into an agreement with Lakeside Energy LLC to acquire Lakeside Generation LLC, a 369 MW portfolio of three natural gas facilities, one located in Pennsylvania and two in New York.
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Lotus to Acquire 250 MW Wind Project in Ohio

October 21, 2014

Press Releases

Lotus announced today that  an affiliate has completed agreements to acquire the 250 megawatt (MW)Northwest Ohio Wind Project in Van Wert and Paulding Counties, OH.
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Lotus to Acquire Quail Run Energy Center

September 29, 2014

Press Releases

Lotus announced today that an affiliate has entered into an agreement with affiliates of Exelon Corp. to acquire a natural gas combined cycle electric power generating facility in Odessa, Texas.
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Northwest Mutual Acquires Stake In Neptune regional Transmission System From Lotus

June 16, 2014

Press Releases

Neptune has been operational since 2007 and its 660MW of capacity are fully contracted to the Long Island Power Authority under a 20 year agreement.
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Lotus Sells Peaker Power Plants in Ohio

January 27, 2014

Press Releases

Richland-Stryker Investment LLC (RSI) announced today that it has consummated the sale of its wholly owned subsidiary, Richland-Stryker Generation LLC (RSG), to a wholly owned subsidiary of Energy Capital Partners (ECP). Included in the sale of RSG were two gas/oil fired peaking power generation facilities totaling 464 MW: The 444 MW Richland Generation Station located in Defiance, Ohio and the 20 MW Stryker Generation Station located in Stryker, Ohio. Terms of the transaction were not disclosed.
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Starwood Capital Group Closes Second Starwood Energy Fund Above Target

January 7, 2014

Press Releases

SEIF II will follow the middle-market, value-add focus of its predecessor fund, Starwood Energy Infrastructure Fund, L.P. (SEIF I), and invest in wind, solar, natural gas and other power generation and high-voltage transmission assets primarily in North America. SEIF I achieved its final closing in June, 2008 with total capital commitments of $433 million, and has received distributions totaling $287 million – approximately two-thirds of its investment commitments - from its energy assets.
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Lotus Closes Financing with GE, Citi and Santander on 211-MW Wind Project in TX

January 7, 2014

Press Releases

The Stephens Ranch project, which represents the first of two phases that will total 377 MW, will use GE 1.7-100 turbines and be built by Wanzek Construction, with completion scheduled for late 2014.
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Lotus in JV with Siemens and EMI for Development of Energy Infrastructure at Joint Based McQuire-Dix-Lakehurst

November 8, 2013

Press Releases

In JV with Siemens and EMI for Development of Energy Infrastructure at Joint Based McQuire-Dix-Lakehurst 11/8/2013 - JOINT BASE SAN ANTONIO-LACKLAND, Texas -- The Air Force will enter into negotiations with the Starwood Siemens team to lease real property at Joint Base McGuire- Dix- Lakehurst, N.J., for an energy-based enhanced use lease, or EUL.
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Lotus Announces the sale of California Power Plant

September 9, 2013

Press Releases

Midway, which was exclusively developed and constructed by Starwood Energy, achieved commercial operations in May 2009. The facility is party to a tolling agreement with Pacific Gas & Electric which runs through 2024. Sumitomo Mitsui Banking Corporation and Portigon Financial Services provided the original construction and term debt facility, which will remain in place post-closing.
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Lotus Acquires Stephens Ranch Wind Project in Texas

August 12, 2013

Press Releases

Lotus and Mesa Power Group ("Mesa Power") are pleased to announce Starwood Energy's investment affiliate's acquisition of the 377 megawatt Stephens Ranch Wind Project (the "Project"), located in Borden and Lynn Counties, Texas covering more than 47,000 acres.
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Lotus Achieves Financial Close on FieStar Projects and Sells Its Interest

June 28, 2013

Press Releases

Lotus announced today that its investment affiliate known as Fiestar Joint Venture Partnership (“FieStar”) has closed construction financing on four photovoltaic solar projects totaling 42 MWDC located in Ontario. Simultaneous with the closing, Starwood Energy sold its 50% interest in FieStar to its joint venture partner, Fiera Axium Infrastructure, a Canadian infrastructure fund.
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Hudson Transmission Project Begins Delivering Power to New York City

June 3, 2013

Press Releases

Energy Investors Funds (“EIF”) and Starwood Energy Infrastructure Fund I, LP (“Starwood ”), an affiliate of Starwood Energy Group Global LLC, both established private investment firms focused on the energy sector, announced today that after extensive testing, the Hudson Transmission project (“Hudson”), a 660 megawatt undersea/underground electric transmission link between Ridgefield, N.J. and New York, N.Y., began delivering power to customers of the New York Power Authority (“NYPA”). The project, which was completed ahead of schedule, will now service clients including the Metropolitan Transit Authority, the New York City Housing Authority, and the Port Authority of New York and New Jersey.
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Lotus Announces the Sale of Sault Ste. Marie Solar Projects

February 15, 2013

Press Releases

Lotus announced today that its investment affiliates have sold three solar photovoltaic (“PV”) projects located in Sault Ste. Marie, Ontario with a combined capacity of approximately 69 MWDC (the “SSM Projects”) to an investment vehicle formed by KKR’s Global Infrastructure Fund. The terms of the transaction were not disclosed.
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STARWOOD ENERGY COMPLETES FINAL PHASE OF 69 MEGAWATT SAULT STE.MARIE SOLAR PROJECT

May 30, 2012

Press Releases

Greenwich, CT – May 30, 2012 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, announced that it has completed the final phase of its 69 megawatt-DC (MW) solar photovoltaic (PV) project located in Sault Ste. Marie, Ontario (the "Project").
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Hudson Transmission Line, USA

March 21, 2012

Press Releases

When Hudson Transmission Partners (HTP) reached financial close for the Hudson Transmission line HTP's chief executive, Ed Stern, said: "Closing financing and issuing notice to proceed represents almost six years of effort in conceiving the project, obtaining key permits, acquiring real estate rights, and negotiating major agreements." And he was not kidding.
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STARWOOD ENERGY CLOSES ACQUSITION OF A PARTIAL OWNERSHIP INTEREST IN A 100 MEGAWATT BIOMASS POWER PROJECT IN GAINESVILLE, FLORIDA

January 17, 2012

Press Releases

Greenwich, CT – January 17, 2012 – An investment affiliate of Starwood Energy Group Global, LLC (“Starwood Energy”), an energy infrastructure investment firm, has acquired a partial ownership interest in the Gainesville Renewable Energy Center ("GREC") from Tyr Energy, Inc. GREC is a 100 MW biomass power plant currently under construction in Gainesville, Florida. The acquisition was signed and closed on December 30, 2011
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CATE STREET CAPITAL AND STARWOOD ENERGY CLOSE FINANCING FOR A 75 MEGAWATT BIOMASS POWER PROJECT IN BERLIN NEW HAMPSHIRE

September 14, 2011

Press Releases

Portsmouth, NH and Greenwich, CT – September 14, 2011 – Cate Street Capital, Inc. ("Cate Street, a national leader in developing green technology companies, and Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy projects, have closed financing for a $275 million biomass power plant ("Berlin Station" or the "Project") in Berlin, New Hampshire and will begin construction immediately.
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STARWOOD ENERGY CLOSES FINANCING FOR FINAL 10 MEGAWATT PHASE OF 60 MEGAWATT SOLAR PROJECT IN SAULT STE. MARIE

June 29, 2011

Press Releases

Greenwich, CT – June 29, 2011 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood SSM3 Canada, L.P., has reached financial close on a 10 megawatt (MW) AC solar photovoltaic project in the City of Sault Ste. Marie, Ontario (“Starwood SSM3”).
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Hudson Transmission Partners Closes $850 Million Financing for Transmission Project

May 23, 2011

Press Releases

Hudson Transmission Partners, LLC (“HTP”), developer of the Hudson Transmission project, an underground and underwater cable between New Jersey and Manhattan, has announced that it has closed financing totaling more than $850 million in debt and equity for construction of the project. In conjunction with the closing, HTP has issued Notice to Proceed to its principal contractors, Siemens Power Transmission and Distribution, Inc. and Prysmian Cables and Systems USA, LLC.
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STARWOOD ENERGY ANNOUNCES CLOSE OF FINANCING FOR A 30 MEGAWATT SOLAR PROJECT IN SAULT STE. MARIE

September 28, 2010

Press Releases

Financing for Combined 50 MW AC Project is Largest Closed to Date for a North American PV Solar Generation Facility Greenwich, CT – September 28, 2010 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood SSM2 Canada Incorporated, has reached financial close on a 30 megawatt (MW) AC solar photovoltaic project in the City of Sault Ste. Marie, Ontario(“Starwood SSM2”).
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Nautilus Solar Energy Announces Expansion of Operations in Ontario

July 18, 2010

Press Releases

Summit, N.J., July 18, 2010 /PRNewswire/ -- Nautilus Solar Energy, LLC (“Nautilus Solar”) today announced the expansion of operations in Ontario, Canada with the formation of Nautilus Solar Canada Limited Partnership (“Nautilus Solar Canada LP”). Nautilus Solar Canada LP has an initial portfolio of 2.75MW AC of rooftop projects under contract from the Ontario Power Authority (“OPA”).
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STARWOOD ENERGY ANNOUNCES CLOSE OF FINANCING FOR A 20 MEGAWATT SOLAR POWER GENERATION PROJECT IN SAULT STE. MARIE

January 7, 2010

Press Releases

Greenwich, CT – January 7, 2010 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood SSM1 Canada Incorporated (“Starwood SSM1”) has completed agreements to finance and construct a 20 megawatt (MW) solar photovoltaic project in the City of Sault Ste. Marie, Ontario
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STARWOOD ENERGY SIGNS POWER PURCHASE AGREEMENT WITH ARIZONA PUBLIC SERVICE CO.; TO BUILD THE WORLD’S LARGEST DISPATCHABLE SOLAR PLANT WITH LOCKHEED MARTIN

May 22, 2009

Press Releases

Solar-Thermal Electric Generating Facility Will Produce Up to 290 MWs of Clean Electrical Power and Serve Nearly 73,000 Customers Project is Latest Result of Starwood Energy's Alliance with Lockheed Martin to Build Utility-Scale Solar Energy Facilities GREENWICH, CT – May 22, 2009 – Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy infrastructure projects, today announced that its affiliate, Starwood Solar I, LLC (“Starwood Solar”) has signed a definitive power purchase agreement (“PPA”) with Arizona Public Service Company. (“APS”).
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Starwood Energy Announces the Completion of the Starwood Midway Power Plant in California

May 12, 2009

Press Releases

Greenwich, CT – May 12, 2009 – Starwood Energy Group Global, LLC (Starwood Energy), a private investment firm that focuses on energy infrastructure investment, announced today the completion of construction of the Starwood Midway-Power Plant
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Lotus Infrastructure eyes new era of decarbonisation with spinout from Starwood

January 6, 2023

Lotus In The News

By: Isabel O’Brien PUBLISHED: 6 January 2023 NEWS & ANALYSIS Lotus Infrastructure eyes new era of decarbonisation with spinout from Starwood The real estate manager will remain a minority shareholder of the new unit, which could look to launch a new line of funds in the credit and core spaces.
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Himanshu Saxena's Q&A with Financier Worldwide Magazine

December 10, 2021

Lotus In The News

FW discusses the outlook for renewable energy in the US with Chris LeWand at FTI Consulting, Inc., Dan Sinaiko at Allen & Overy LLP, Nuno Andrade at Santander, Himanshu Saxena at Starwood Energy, and R. Andrew de Pass at Vitol Inc.
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Keynote Interview with Infrastructure Investor | Investing in the future of Energy

October 1, 2021

Lotus In The News

Recent weather patterns including multi-day storms, exacerbated by climate change, have brought power grid reliability concerns into renewed focus. Starwood Energy’s chief executive officer, Himanshu Saxena, believes the needs of a changing economy and changing climate can be met with renewable energy sources, however, a period of transition is needed to go from conventional to renewable energy sources.
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Lotus proposal to invest $8 billion in power infrastructure in the state of Texas

April 23, 2021

Lotus In The News

The purpose of this letter is to outline for the Electric Reliability Council of Texas ("ERCOT") Board of Directors ("the Board") and for the Public Utility Commission of Texas ("PUTC") a compelling proposal to solve ERCOT's reliability issues as was demonstrated by the energy crisis that occurred in February 2021 and more recently, by the volatility in the market seen in the last few weeks.
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Jeffrey Levy Joins Starwood as Deputy General Counsel and Managing Director

January 4, 2021

Press Releases

Lotus a leading private investment firm focused on energy infrastructure, announced today that Jeffrey Levy has joined the firm as Deputy General Counsel and Managing Director.
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Keynote Interview with Infrastructure Investor | Gas remains vital to the US power market

October 1, 2020

Lotus In The News

California’s blackouts prove that decarbonisation cannot take place overnight, says Starwood Energy chief executive Himanshu Saxena
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Himanshu Saxena named ACORE board member 2019

January 15, 2019

Lotus In The News

Executives from Lincoln Clean Energy, E.ON North America, Pattern Energy Group and Starwood Energy Group Join Board to Accelerate the U.S. Transition to Renewable Power
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Lotus Chairman CEO Himanshu Saxena discusses how the energy industry is responding to a low gas price world

November 30, 2018

Lotus In The News

With gas prices low, and expected to remain low, the profitability of power generation assets has changed. We have around 1,000GW of installed power generation in the US. A little over half of that is coal and nuclear. Before the shale gas revolution, these assets were highly profitable. But with the price of gas so low, there has been a shift on the marginal unit – effectively the last asset that has to run to meet the power demand at any point in the grid. That marginal unit has, generally speaking, become natural gas, so gas is now setting the price of power. In most markets in the US, that price of power is now in the $20 to $30 per megawatt-hour range.
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Lotus Compass Generation Awarded best North America Conventional Power Project Finance Deal of the Year by Power Finance and Risk

May 21, 2018

Lotus In The News

Power Finance and Risk is pleased to announce the winners of its 15th Annual Deals and Firms of the Year Awards, with added emphasis this year on the leading investment banks in power across the Americas.
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Lotus Chairman and CEO Saxena Sees Energy Storage Flourishing: Interview with Bloomberg New Energy Finance

March 6, 2018

Lotus In The News

Lotus, based in Greenwich, Connecticut, manages equity commitments of more than $3 billion focused on natural gas, renewable power and transmission. It moved into energy storage in 2016 with a $100 million investment in Stem Inc., which develops, owns and operates storage systems at customer sites in exchange for recurring lease payments.
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Himanshu Saxena named CEO

November 8, 2017

Lotus In The News

Saxena joined the firm in January 2008, coming from JPMorgan’s global energy and utilities group. Since 2015, he and former chief executive Brad Nordholm have served as co-heads of Starwood. Saxena said his appointment will not substantially change the firm’s day-to-day operations but will clarify the management structure and reporting lines. Nordholm, the firm’s first chief executive when he joined in 2006, will become Starwood’s vice chairman.
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Saxena Named to Cornell CPIP Advisory Board

February 14, 2017

Lotus In The News

The Cornell University Program in Infrastructure Policy (CPIP), Adds More Distinguished Members to its Advisory Board ITHACA, NEW YORK – The Cornell Program in Infrastructure Policy (CPIP) is pleased to announce the addition of new members to its Advisory Board. The appointments were made against the backdrop of significant and growing interest by Washington policy makers about large-scale investments in U.S. infrastructure.
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Lotus and Target’s New Wind Energy Partnership in Texas

July 21, 2016

Press Releases

“At Target, we’re always on the lookout for sustainable ways to operate our facilities,” says John Leisen, vice president, Property Management, Target. “We’re thrilled to make our start with wind power in Texas, a leading market for wind energy. As we learn from this project, we’ll also be looking across the country for more opportunities to get involved in renewable energy projects in communities where we do business.
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Keynote Interview: Saxena and Nordholm on Starwood Energy's Approach to Investing

April 1, 2016

Lotus In The News

When Starwood Capital’s Barry Sternlicht found himself drawn to the energy sector a little over a decade ago, the US energy landscape was substantially different to how it is today. Yet choices made at the time have proven both successful and resilient enough to withstand the dramatic shifts that are ongoing and reshaping the sector.
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Opportunities in Greenfield Energy Infrastructure, Interview by Preqin

February 4, 2016

Lotus In The News

We see those opportunities in developing and building new renewable power stations – including wind power and solar, in new natural gas-fired power plants, in new electric storage facilities and in new electric power transmission projects.
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2015 CEO Awards, by Finance Monthly

July 18, 2015

Lotus In The News

We have built a strong team that approaches every opportunity with discipline and integrity. We would not be effective without the efforts of everyone in the group.
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Lotus named Firm of the Year by Finance Monthly

June 16, 2015

Lotus In The News

Lotus is a talented team of energy professionals focused on essential energy infrastructure, primarily in North America. We develop, build and operate large electric power transmission and renewable energy projects, including solar, wind and biomass; we develop and build, or acquire and operate, natural gas-fired power generation plants. We also actively pursue other essential energy infrastructure, including midstream, water and energy storage.
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Lotus named best for Energy Infrastructure - USA by Wealth & Finance

May 26, 2015

Lotus In The News

These prestigious awards are all about giving credit where it’s due to the businesses, departments and individuals setting the pace for others to follow in what is one of the business world’s most diverse and fascinating industries.
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Lotus Names Delgado Head of Asset Management

May 7, 2015

Lotus In The News

Lotus is pleased to announce that Jeffrey Delgado has joined the group as a senior vice president. In this newly created role, Mr. Delgado will be responsible for the asset management of Starwood Energy’s operating assets, and will also support the group’s acquisition, development and construction activities.
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The Interview: Brad Nordholm Discusses the Company's Plans Following Success of Second Energy Infrastructure Fund

April 1, 2014

Lotus In The News

"Our approach tothe market has been yielding excellent results, sowe intend to continue what we are doing and focus on value-add opportunities in power generation and transmission, ultimately creating well-structured investments with contracted cash flow and predictable yield." Starwood Energy Group's CEO, Brad Nordholm, discusses the company's plans following the success of their second energy infrastructure fund.
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All Fired Up: Lotus Looking to Seize the Moment in North America's Evolving Energy Sector

July 1, 2013

Lotus In The News

Starwood Energy Group Global’s Brad Nordholm explains how his firm is looking to seize the moment in North America’s evolving energy sector
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