Barclays investment arm sees renewable opportunity

Barclays Natural Resource Investments have partnered with K Road Power Holdings, a leading independent power developer focused on utility-scale solar energy projects. K Road currently has 11 solar power projects […]

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By Tom Gibson

Barclays Natural Resource Investments have partnered with K Road Power Holdings, a leading independent power developer focused on utility-scale solar energy projects.

K Road currently has 11 solar power projects in the U.S. at various stages of development, totaling nearly 2300 MW. Their portfolio includes the 850 MW K Road Calico Solar Project in California, one of the world’s largest permitted solar projects

David Ellis, Managing Director, BNRI said: “Our partnership with K Road furthers BNRI‟s strategy of working with ‘best in breed’ management teams. By adding the strength of a leading global financial institution to K Road‟s development and industry experience and advanced pipeline of high-viability projects, we are creating a powerful combination strategically positioned for continued success.”

BNRI, a division of Barclays Capital, the investment banking unit of Barclays Bank, was founded in 2006 and has committed approximately US$1.7 billion to 19 separate portfolio companies and management teams.