US financier backs renewables platform

• Northleaf has actually invested in MSR which acquires lease earnings steams generated by solar projects

North American capitalist Northleaf Capital Partners has actually directed infrastructure funds it manages right into a new renewables platform.

Madison Street Renewables (MSR) has been established to acquire lease income streams created by renewable power projects across the US.

MSR strategies to spend $150m in equity financial investments through 2025.

" The development of MSR aims to give Northleaf investors with access to long-lasting dependable revenue streams from a varied portfolio of renewable power projects while all at once giving project landowners the ability to secure immediate ahead of time payment of their lease payment," stated Olivier Laganière, Managing Director, Infrastructure as well as Head of Northleaf's Los Angeles office.

MSR was created through the procurement of 100% of the assets as well as copyright of an entirely possessed entity developed in 2020 by Peter Harsy.

Harsy claimed MSR provides solar project developers with the ability to reduce project budget plans by obtaining their target project land sites (in situations where the current owner is only happy to market and also not willing to lease).

Once it has actually gotten possession of the land, MSR rents the land to the project developer/owner which allows them to avoid utilizing large amounts of their project budget plans on obtaining property.

Harsy formerly spent numerous years as General Counsel and Board Secretary of Lincoln Clean Energy (currently Ørsted Onshore), where he obtained "considerable first-hand experience" working with project landowners on leasing matters.

As the recently appointed chief executive officer of MSR Harsy said, "I am delighted concerning this chance to collaborate with Northleaf and focus on constructing the MSR platform.

" Our shared excitement and also outlook relative to the future of this business is an excellent match and also I am thrilled to carry out on this tremendous market chance."

Northleaf's $5bn infrastructure program targets straight, long-lasting financial investments in mid-market assets that supply important solutions in pick OECD nations.