NGP Launches NGP Sustainable Real Assets to Invest in Clean Energy Project Development Platforms

NGP is pleased to announce the closing of NGP Sustainable Real Assets, LLC (“NGP SRA”) with approximately $500 million of capital commitments from NGP’s dedicated energy transition fund, NGP Energy Transition IV, L.P., and co-investors. NGP SRA was formed to invest in real asset development platforms across the energy transition – including clean power, clean fuels, carbon, transportation and critical minerals. NGP SRA invests by partnering with exceptional management teams, often at the earliest stages of company formation, and provides capital and support to help build leading energy transition platforms.

Chris Carter, NGP’s Managing Partner, commented “Our strategy with NGP SRA combines NGP’s 35-year track record of partnership-oriented investing, having backed more than 300 development platforms across the energy sector, with our firm’s significant capital, expertise and resources dedicated to the energy transition. We see a big opportunity to deploy an investment model NGP has honed over the last three decades into these attractive clean energy subsectors.”

Phil Deutch, NGP Partner and Energy Transition Fund Head, remarked “We take great pride in our reputation as value-added partners and trusted sector specialists in energy. More than three decades ago, NGP pioneered the investment model that now dominates traditional energy project development. We are excited to commit our experience and capital to advancing energy transition projects while seeking attractive risk adjusted returns for our investors.”

Sam Stoutner, NGP Partner, added “We continue to see a mismatch between the supply of high-quality, shovel-ready clean energy projects, and the capital to build, finance and own those projects. In NGP SRA, we will focus on backing teams and projects earlier in their lifecycle and working with management to build scaled, diversified, derisked projects and platforms that can ultimately be handed off to lower-cost, longer-term pools of capital.”

NGP SRA has already closed investments in the three platform companies profiled below and continues to evaluate new opportunities to add to its portfolio. NGP SRA generally targets equity commitments of $50-$150 million per investment. To get in touch with the NGP investment team, please contact [email protected].

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