NEP is a leading developer of distributed PV solar generation systems for commercial and municipal customers. Under the agreement, Forum will provide development capital and construction equity financing for NEP’s rapidly growing portfolio of solar projects, including ground mount and rooftop installations. The innovative investment structure developed by Forum with NEP allows for the quick advancement of NEP’s pipeline of development and construction Photovoltaic Solar Generated Systems.
“We are delighted to be entering into this partnership with NEP to support its rapid growth and advancement of its portfolio of solar projects” said Richard Abboud, Chief Executive Officer of Forum Equity Partners. “Forum is committed to partnering with leading developers in the renewable energy sector to provide development capital and construction equity solutions necessary to help finance growth. We are delighted to be working with NEP’s outstanding team on this important partnership.”
Jeremy Conner, Chief Executive Officer of National Energy Partners, added that the significant investment commitment will enable NEP to systematically pursue the rapid development of its pipeline of distributed PV solar generation systems. The company is at the forefront of commercial and municipal distributed solar markets, delivering savings and efficiencies to businesses, schools and communities. Partnering with Forum, NEP is now well-positioned to continue its expansion, pursuing a number of projects across its core markets.
Forum is a privately owned alternative investment management and principal investment firm with a focus on infrastructure, renewable energy, and real estate. Over the last 20 years, it has acquired, sold, developed, or bid on a committed financing basis over $3 billion of assets.
NEP is headquartered in Lindenwold, New Jersey. It works with leading public and private sector companies to provide cost-efficient and clean on-site energy solutions by developing and installing PV solar projects. The company has been a preeminent developer of distributed PV solar systems since 2009, building a market leading position in its core geographies and a reputation for excellence among its counterparties and customers, including leading businesses and the US government.
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