Capabilities that get projects and companies built.
Triple Bottom Line
Environmental, Social and Governance, or ESG, criteria have been significantly influencing the way society invests. As sustainable infrastructure investors, Greenwood Sustainable Infrastructure’s mandate inherently meets all three ESG criteria, and we clearly identify how during our investment review. We feel it is our responsibility to structure transactions that create jobs in the near-term, environmental benefits in the long-term and attractive risk adjusted returns for our development partners and investors.
Greenwood Sustainable Infrastructure is a signatory of the Principles for Responsible Investment (PRI)
History of Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure is an integration of two established companies in the renewable energy industry: GoldenSet Capital Partners and Greenwood Energy. Both independently active since 2009, GoldenSet and Greenwood have worked closely together assessing numerous investment opportunities over the past decade. The two firms bring complementary skills to the new venture: GoldenSet’s developer partnership origination model, underwriting and investment experience along with Greenwood’s intimate experience with both greenfield and brownfield development and operational management. The new alliance brings the insight and capability required to successfully address the under-served distributed energy and sustainable infrastructure industry.
The company is a member of the Libra Group, a privately-owned international business group that is active in 35 countries across six continents. It is focused on six core sectors: aviation, energy, hospitality, real estate, shipping and diversified investments. EuroEnergy, Libra Group’s European sustainable energy company, has been an active developer, owner and operator of a 375 MW portfolio of solar, wind and biogas assets.
GoldenSet Capital Partners has gained a sound reputation as a sustainable infrastructure investor specialist focused on deploying equity and structured capital into projects and companies in the United States and Canada. GoldenSet was a first mover in distributed energy project finance and asset aggregation investment strategies, across C&I solar, wind repowering and energy storage.
Greenwood Energy brings a strong track record through investing in alternative energy technologies and developing clean energy assets. Initially formed in 2010 and encompassing Greenwood Fuels (a recycled fuel pellet manufacturer in Green Bay, Wisconsin), the business was since separated into three distinct entities: Greenwood Energy (US-focused C&I solar investor), Convergen Energy (centered on waste to energy alternatives for traditional fossil fuel generation), and Greenwood Energy Latam (focused on solar PV projects in Central America).
Six Flags is a 23.5MW DC grount-mount and carport solar project in Jackson, New Jersey. The system was installed on a privately-owned land and is the largest behind-the-meter solar project in New Jersey. The system sells power under a long-term PPA agreement with Six Flags Great Adventure Theme Park. The project generates and sells renewable energy certificates under New Jersey's SREC program and went into commercial operation in June 2019.
Green Cyclone is a 30MW DC wind project in Ames County, Iowa. The system was installed on a privately-owned land and sells power under a long-term PPA with Alliant Energy. The project went into commercial operation in March 2017.
Elizabeth Mine Solar is a 7,000 kW DC solar project in Strafford, Vermont. The fixed tilt system is located on a former EPA Superfund site using ballasted foundations. It sells energy under a long-term power purchase agreement with Green Mountain Power. The project reached commercial operation in December 2017.
Mansfield is a 4.2MW DC rooftop solar project in Norton, Massachusetts. They system was installed on a privately-owned building and sells power under a long-term SMART agreement with EverSource Energy. The project is projected to go into commercial operation in March 2020.