Minnesota s solar trade tested, but not bowed, by 2020 January 15, 2021 9:53am Text size Copy shortlink:
Michael Allen, co-founder of All Energy Solar of St. Paul, is grateful for a partly sunny 2020. All in all, it was a good year, but not the year we had hoped for, said Allen, 38. We installed more than in 2019. The stress levels, thanks to COVID-19, were at an all-time high.
COVID postponed some projects, and there were workers who had to quarantine at home. Our safety director and our team was prepared, and I think we did an awesome job, Allen said of the 150 All Energy workers who design, build and service commercial and residential systems.
Firm’s first fund has backers from around the globe. Chris Moakley, managing partner of Excelsior Energy Capital Provided photo
Maybe you’ve never heard of Excelsior Energy Capital. But that’s about to change. The Excelsior-based renewable energy investor just closed on its first-ever fund, backed by an eye-popping $504 million. The fund looks to acquire wind farms and solar power plants across the U.S. and Canada. The fund exceeded its $500 million target.
“The fund will own the assets and be the active manager of the assets,” said Chris Moakley, managing partner of Excelsior Energy Capital. “We have 17 limited partners. Our investors are in six different countries.”