Dec. 17

A privately owned Phoenix investment company has formed a $100 million start-up portfolio company to invest in renewable energy projects.

Najafi Companies LLC unveiled Energy Capital Investments LLC, Dec. 17. The company will provide investment capital for solar, geothermal, biomass and other alternative energy projects. It will originate and acquire projects.

"This is a very exciting venture for us and we´ve pulled together a first class management team to spearhead it," said Jahm Najafi, CEO of Najafi Companies. "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."

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