Segue Sustainable Infrastructure Completes $153 Million Capital Pool for Renewable Energy Projects
SAN FRANCISCO, December 7, 2023 (VSNewsNetwork.com) - Segue Sustainable Infrastructure has successfully closed its second capital pool, Segue Renewables II ("SR2"), with a total investment of $153 million. This significant funding, primarily contributed by NGP and supplemented by commitments from Segue's management team, marks the continuation of the company's efforts in supporting clean energy and storage project development.
David Riester, Segue's Managing Partner, expressed his enthusiasm about the partnership with NGP, stating, “Continuing to partner with NGP as our primary source of capital was a no-brainer. They’ve struck a wonderful balance between giving us space to operate efficiently and effectively while bringing their expertise and relationships to bear when the moment calls for it.”
Sam Stoutner, a partner at NGP, also commented on the collaboration, saying, “Segue’s unique strategy and ability to reach deep into the clean energy sector offers NGP access to a compelling niche within a high-priority area for our sustainable real assets vehicle. We continue to be impressed by the performance of the SR1 portfolio, and look forward to deepening our relationship with Segue’s outstanding team through our commitment to SR2.”
SR2's launch follows the successful deployment of its predecessor, SR1, which has made significant investments in a variety of renewable energy sectors. Segue's approach, combining direct capital infusions and strategic partnerships, is essential in advancing clean energy infrastructure and responding to the dynamic needs of the renewable energy market.
For more information on Segue Sustainable Infrastructure and its initiatives in renewable energy, visit www.segueinfra.com. Details about NGP and its investment strategies can be found at www.ngpenergy.com.
Source: Segue Sustainable Infrastructure via Newswire
