Neil Auerbach is Managing Partner of Hudson Clean Energy Partners, a group with over $1 billion under management. He made a number of points in his presentation at the American Council on Renewable Energy conference in Washington this afternoon that I found interesting.
He began by noting that “99.9% of people who have studied global warming believe in
Big news, SF based Recurrent Energy picked up Chicago based UPC Solar‘s pipeline for an as of yet undisclosed amount. It goes to what I mean about not jumping up and down about big announcements: wait until the engineers have plugged the system in!
That said, Recurrent has a great team, and I’m sure they’ll do well – and much like yesterday’s BrightSource announcement, also have strong financial backers in their parent company (Hudson Clean Energy Partners) and Morgan Stanley for debt finance.