Renewable Portfolio Standards (RPS) and Climate Change policies are increasing the demand for solar energy, other renewable resources, and peaking/intermediate power. There are numerous obstacles to widespread implementation. A market need exists for an experienced, technology-neutral, transaction-oriented development company to overcome these obstacles and site, permit, and build renewable projects. NextLight Renewable Power fills that need.
NextLight's mission is to develop, acquire, own, manage, and operate utility-scale solar power plants in the western U.S. The Company also has the mandate to develop other renewable energy resources and to own and operate energy facilities to complement these renewable projects. The Company has embarked on an aggressive development agenda, with the flexibility to apply particular solar energy technologies to specific locations and circumstances. NextLight is not betting on any one individual technology, which run the gamut from speculative to proven. Instead, NextLight contributes the essential development expertise and regional market knowledge to apply the best solar technologies for each location and customer.
NextLight was formed by Energy Capital Partners, a private equity firm, to respond to the growing demand for clean, carbon-free, utility-scale renewable energy. Together, the two firms bring expertise in energy development and financing, and the financial resources to build large-scale renewable projects.
