USRG has experience evaluating numerous opportunities within the renewable energy industry.
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2008
09/16/08
US Renewables Group Partners with Citi, Credit Suisse on $140MM Solar Investment
Today SolarReserve, a developer of utility scale solar power plants, announced that it has closed a second round of funding totaling $140 million. The financing was led by the renewable energy private equity group within Citi Alternative Investments, Sustainable Development Investments (SDI), and Credit Suisse's Customized Fund Investment Group. Other investors include US Renewables Group, the founding investor in SolarReserve, Good Energies, PCG Clean Energy & Technology Fund and Nazarian Enterprises...
09/04/08
US Renewables Group Partners with Novo Energy to Form Novo Development Company
US Renewables Group, LLC (USRG), a private equity firm focused exclusively on investments in renewable power, clean fuels, and related infrastructure companies has partnered with Novo Energy, LLC (Novo), a leading renewable energy technology company, to form and fund Novo Development Company, LLC. Novo Development Company (NDC) will provide development, engineering, financing and operation of renewable energy facilities that utilize Novo's proven, proprietary waste-to-energy (WTE) technology package...
07/18/08
PLEASANTON, California — Fulcrum BioEnergy, Inc., today announced that it is advancing next-generation ethanol production with its plans to build one of the first commercial-scale production facilities for converting municipal solid waste to ethanol. The plant will process municipal solid waste—household garbage—revolutionizing waste disposal while creating a much needed low-cost, reliable and environmentally clean renewable transportation fuel...
06/03/08
Renewable Energy Group, Inc. to acquire U.S. Biodiesel Group
HOUSTON, Texas — In a recently signed purchase agreement, Renewable Energy Group, Inc. (REG), a leading biodiesel producer and marketer, announced that U.S. Biodiesel Group (USBG) will invest cash and merge its largest assets into REG, including USBG's biodiesel production facility near Houston and an existing liquid storage terminal in California...
03/13/08
BEND, Oregon — Davenport Power LLC, an independent electric power company that owns and operates clean power and renewable energy projects, announced today that US Renewables Group, LLC and Riverstone Holdings LLC have agreed to provide development capital for the Newberry Geothermal Project...
02/05/08
Port Could Get 2nd Biodiesel Plant
STOCKTON — USBioDiesel Group LLC, a biodiesel refining and trading startup based in San Francisco, announced plans Monday to establish refining plants in Stockton and in Seabrook, Texas...
01/18/08
SolarReserve Announces Appointment of Top Power Plant Development Executive
SolarReserve, the Los Angeles-based solar thermal company that has recently commercialized an innovative heat storage technology that provides utility-scale solar power on demand, today announced that Kevin Smith has been hired to serve as Chief Operating Officer and Head of Development...
01/14/08
SolarReserve Announces Hiring of Distinguished Solarthermal Power Technology Expert
SolarReserve, the Los Angeles-based solar thermal power company that has licensed an innovative energy storage technology for on-demand utility-scale solar power, today announced the appointment of William R. Gould, Jr. to serve as Chief Technical Officer...
2007
07/31/07
US Renewables Group Announces Final Close for USRG Power & Biofuels Fund II, LP
LOS ANGELES, California — US Renewables Holdings ("USRG") announced today that it has successfully closed on $475 million of third party capital commitments in its most recent private equity fund, USRG Power & Biofuels Fund II, LP and related vehicles (collectively, "Fund II"), ahead of the fund's original target of $250 million. The first close for Fund II was held in December 2006...
02/12/07
SANTA ROSA, California — US Renewables Group, LLC ("USRG"), Riverstone Holdings LLC ("Riverstone") and The Carlyle Group announced today that they will provide growth capital to ThermaSource, a Santa Rosa, California-based provider of drilling, engineering and consulting services to the geothermal energy sector. ...
02/12/07
US Renewables Group Announces Completion of Acquisition of Niagara Generation, LLC
LOS ANGELES, California — US Renewables Group and its affiliates ("USRG") announced today that a subsidiary acquired the 53 megawatt Niagara Generating Facility ("Niagara") on January 31, 2007. ...
02/01/07
US Renewables Group Announces Acquisition of Tracy Biomass Generation Facility
LOS ANGELES, California — USRG Power & Biofuels Fund II, LP announced today that it has acquired the 19.4 net megawatt Tracy Biomass Generation Facility, located in Tracy, California. The Tracy facility is located approximately 45 miles east of Oakland, California and uses urban waste and agricultural waste as fuel to generate nearly 20 megawatts of electricity. ...
2006
10/18/06
US Renewables Group Agrees to Acquire Niagara Falls Generation Facility
LOS ANGELES, California — USRG Power & Biofuels Fund II, L.P. (USRG-II), which is managed by US Renewables Group, LLC (USRG), announced today it has entered an agreement to acquire 100% of the membership interests of WPS Niagara Generation, LLC from WPS Energy Services, Inc. ...
08/09/06
TexCom, Inc. Obtains $10.6 Million Equity Commitment From U.S. Renewables Group for Houston Biodiesel Plant
Source: TexCom, Inc.
HOUSTON and LOS ANGELES — TexCom, Inc. (OTC Pink Sheets: TEXC - News) today announced that it has executed a Membership Interest Purchase Agreement and associated documents with U.S. Renewables Group, LLC (USRG)...
06/08/06
LOS ANGELES, California — US Renewables Group, LLC ("USRG"), Riverstone Holdings LLC ("Riverstone") and The Carlyle Group today announced that Carlyle/Riverstone Renewable Energy Infrastructure Fund I ("CRREIF") has agreed to acquire from USRG a significant stake in the Bottle Rock Power LLC...
2005
10/05/05
US Renewables Group Closes Initial $80 Million to Fund Renewable Energy Projects
Company Both Owns and Operates Renewable Energy Assets
LOS ANGELES, California — US Renewables Group ("USRG"), a company organized to acquire, develop and operate renewable energy and clean fuel assets, today announced an initial close of $80 million...