Private Equity Firm Raises $1B for Clean Energy Investments

Private equity firm Hudson Clean Energy Partners announced
that it has closed its debut fund, Hudson Clean Energy Partners, L.P., with
commitments of $1.024 billion, successfully achieving its $1 billion target.

Hudson said it
will deploy this capital along with co-investment commitments to expand the firm’s
current investment portfolio in the dynamic, fast-growing clean energy markets.

Hudson’s current portfolio includes Element Power, a global
utility-scale wind and solar power generator; Recurrent Energy, a
distributed solar power company that develops, builds, owns and
operates generation assets; CaliSolar, Inc., a solar photovoltaic (PV)
wafer and cell manufacturer; SoloPower, Inc., a manufacturer of solar
PV thin-film cells and flexible modules; and Wind to Power Systems, a
Madrid-based manufacturer of power electronics that enable connection
of renewables to the grid.

C.P. Eaton Partners LLC served as lead placement agent for the fund, and was assisted by Credit
Suisse Securities (USA) LLC (Alternative Investments) and Poalim Ventures Ltd. 

Founded in 2007, Hudson Clean Energy Partners is led by renewable energy executives
Neil Auerbach and John Cavalier. Mr. Auerbach previously founded the highly successful U.S.
Alternative Energy investing business within Goldman Sachs Group Inc.’s (NYSE: GS) Special Situations
Group. Mr.
Cavalier was formerly Vice Chairman of Credit Suisse’s Investment Banking Department and
served as Chairman of the Energy Group and Head of Credit Suisse’s Global Renewable Energy
efforts.

Hudson Clean Energy Partners is a private equity firm that invests in the dynamic and fast-growing clean energy market.
Hudson invests in companies focused on renewable power, alternative fuels, energy storage and demand-side energy
management.