Windmill Capital Management offers USD250m for new clean energy investment fund

Windmill Capital Management has launched an offering for a private clean energy investment fund. Windmill Clean Energy Credit Trust (CECT) will offer up to USD250 million of Class 1 Beneficial Interests (shares) to accredited investors. 

CECT, a Delaware statutory trust, will fund purchase-money loans secured by commercial clean energy projects around the United States.

“Commercial clean energy represents an overlooked opportunity for institutional and accredited investors. The lack of capital for the segment is due, in part, to the difficulty of sourcing high-quality projects. We formed CECT to bridge that divide,” comments Brian Jones, managing director of WCM.

“We expect CECT to fund purchase-money loans of USD5 million to USD10 million for clean energy project owners and users. CECT will offer shares in series, each of which is backed by a specific group of loans. We think this structure allows investors greater flexibility and makes the fund more responsive to borrowers.”

CECT will consider loans secured by commercial solar, cogeneration and biomass projects to owners who sell or use the generated energy. WCM will originate and service the loans and Windmill Capital Adviser, a California Registered Investment Advisor and an affiliate of WCM, is the fund manager.

CECT intends to engage in general solicitation for the sale of shares. All investors in shares must be accredited investors.