Introducing Lotus Infrastructure Partners
January 2, 2023
Starwood Energy Group Global, LLC
GREENWICH, Conn., Jan. 2, 2023 /PRNewswire/ -- 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.
Himanshu Saxena, CEO of the former Starwood Energy, will serve as the Firm's Chairman and CEO. Lotus Infra, with approximately $7 billion in assets under management, will serve as the new brand name of Starwood Energy. The employees of Starwood Energy (the "Lotus Team") have been transferred to Lotus Infra and will continue to manage all investor capital and fund investments on behalf of its existing investors and partners. Starwood Capital Group ("Starwood Capital"), a private investment firm, will remain a passive minority investor in Lotus Infra.
Lotus Infra is currently in the process of completing construction of TenWest Link transmission line, a transmission superhighway that will enable thousands of megawatts of renewable wind and solar energy to be delivered into California. Lotus Infra is also in the final stages of completing GCA, a 1.4 million tons per year Ammonia facility currently under construction in Texas. Once completed, GCA will supply Ammonia in the global markets for energy and agricultural uses.
"I would like to congratulate the Lotus Team," said Barry Sternlicht, Chairman and CEO of Starwood Capital. "I look forward to the continued success of Lotus Infra and we remain committed to supporting Himanshu and his team to successfully grow this business to new heights."
Lotus Infra is led by an experienced management team with more than 200 years of cumulative and relevant industry experience for developing and building sustainable and profitable assets and businesses in the energy and infrastructure space.
About Lotus Infrastructure Partners
Lotus Infrastructure Partners is a private equity investment firm based in Greenwich, Conn., that specializes in energy infrastructure investments. Through existing general opportunity funds raised by Starwood Energy, and affiliated investment vehicles, the Lotus Team has raised in excess of $3 billion of equity capital and executed transactions totaling more than $9 billion in enterprise value. For more information, please visit www.lotusinfrastructure.com.
About Starwood Capital Group
Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have approximately 4,500 employees. Since its inception in 1991, Starwood Capital Group has raised over $70 billion of capital, and currently has over $120 billion of assets under management. Through a series of comingled opportunity funds, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Over the past 30 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at www.starwoodcapital.com.
Starwood Energy Partners with BerQ RNG to Develop and Acquire Renewable Natural Gas Projects
September 7, 2021
Starwood Energy Group Global, LLC
GREENWICH, CT and OAKVILLE, ONTARIO – Sept. 7, 2021 – Starwood Energy Group Global, LLC (“Starwood Energy”) 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.
The new platform will develop and acquire RNG projects in all stages, ranging from early development to operating projects. The platform is majority owned by Starwood Energy and will operate under the name “BerQ RNG”.
Based in Oakville, Ontario, BerQ employs an experienced team of developers with a diverse background across substrates, geographies, and technologies. The company’s current pipeline of RNG projects spans through landfill gas, animal waste, and wastewater. As a part of the transaction, BerQ will contribute its projects, team and development expertise and Starwood Energy will contribute its existing farm-based RNG investments and fund the platform.
“We are excited to partner with a thoughtful investor like Starwood Energy,” said Bas van Berkel, Founder and CEO of BerQ. “This investment provides a great opportunity to build a premium RNG platform organization and execute more projects with farmers, landfill owners, and the industry overall. We are looking forward to working with other developers in the sector and helping to fund and accelerate their projects. We hope that the combination of being a good partner and providing reliable capital and in-depth expertise will result in a number of successful partnerships.”
“The BerQ leadership has spent their careers in the biogas and recycling space where they have achieved a successful track record and positioned BerQ to become a leader across multiple sub-sectors comprising RNG,” added Alex Daberko, a Managing Director at Starwood Energy. “This investment further enhances Starwood Energy’s capabilities in, and commitment to, the renewable fuels sector more broadly.”
Himanshu Saxena, CEO of Starwood Energy, commented, “Starwood Energy has been at the forefront of making investments in the energy transition space driven by our ESG objectives and the goals of our investors. We believe that the renewable fuels space offers tremendous opportunity and we are continuing to seek partnerships with developers and owners. We welcome BerQ to the Starwood family of companies.”
About Starwood Energy Group Global, LLC
Starwood Energy is a private equity investment firm based in Greenwich, CT that specializes in energy infrastructure investments. Through its existing general opportunity funds and affiliated investment vehicles, Starwood Energy has raised in excess of $3 billion of equity capital and has executed transactions totaling more than $8 billion in enterprise value. For more information, please visit www.starwoodenergygroup.com.
About BerQ RNG
BerQ RNG is a developer of RNG projects across North America with a portfolio of projects in development and execution, helping dairy farms, municipalities, and Fortune 500 companies to reduce their environmental impact and create economic value. For more information, please visit http://www.berqrng.com
Image: M.J. Bradley & Associates
The Role of Renewable Biofuels in a Low Carbon Economy
February 5, 2020
M.J. Bradley & Associates
On February 5, 2020, M.J. Bradley & Associates released a report that explores the potential benefits of using renewable biofuels in medium-and heavy-duty onroad vehicles, as well as residential and commercial heating, as a complementary strategy to electrification and other efficiency measures, to significantly reduce greenhouse gas (GHG) emissions in the Northeast and Mid-Atlantic states.
The analysis focuses on the use of both liquid and gaseous biofuels – specifically renewable natural gas (RNG) as a substitute for fossil natural gas, and biomass-based diesel as a substitute for liquid distillate fuels produced from petroleum. RNG can be used interchangeably with fossil natural gas to fuel natural gas vehicles, or in natural gas furnaces and boilers, for both water heating and space heating. Biomass-based diesel can be used as a substitute for diesel fuel (in vehicles) or heating oil (in furnaces/boilers for water and space heating).