Needham, Mass., April 5, 2010 – Energy Investors Funds and NTE Energy formed EIF NTE Hybrid Renewable Energy, a joint venture created to develop, construct and operate hybrid renewable energy facilities throughout the U.S.
Hybrid renewable energy projects combine different types of renewable and traditional energy technologies to generate sustainable sources of clean electricity at a lower cost to customers than traditional renewable energy resources.
To produce hybrid energy, EIF NTE Hybrid Renewable Energy will construct plants that combine some of the world’s leading solar, biomass, and other renewable technologies with natural gas turbine technology to produce low-cost renewable sources of electricity produced in a clean and sustainable manner.
EIF NTE Hybrid Renewable Energy plans to announce new projects in Florida, South Carolina, and Alabama in the near future.
EIF was founded in 1987 as a private equity fund manager dedicated exclusively to the independent power and electric utility industry.
Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation.
EIF controls 4,000 MW of operating power assets with another 2,200 MW of generation assets under development or construction.
NTE Energy is focused on developing hybrid energy projects in the United States. Located in St. Augustine, Florida, the nation’s oldest city, NTE Energy has been a leader in the development of commercially viable hybrid renewable energy technology.