Najafi Companies, LLC announced today that it will provide up to $100 million dollars to its new start-up portfolio company, Energy Capital Investments, LLC (ECI). ECI will deploy the funds as investment capital across a range of energy projects including solar, geo-thermal, biomass and other forms of alternative energy. The company will operate as an investor, originating and acquiring alternative and renewable energy projects with the goal of building substantial portfolios in each of its focus markets.
“This is a very exciting venture for us, and we’ve pulled together a first class management team to spearhead it,” said Mr. Jahm Najafi, Chief Executive Officer of Phoenix-based Najafi Companies, a private investment firm that takes a long-term approach to its select investments nationwide.
“We spent a great deal of time evaluating the most effective way to enter this marketplace not only to take advantage of the explosive growth opportunities, but also to participate, in a direct and meaningful way, in providing solutions to an ever-increasing energy demand. ECI’s team possesses the combined business backgrounds, specific knowledge, and successful track records within the energy sector that are vital to accomplishing our goals,” Najafi said.