By Greentech Lead Team: Hudson Clean Energy Partners, a
private equity firm focusing on the clean energy market, has invested $55
million in Beijing-based GSE Investment for a minority stake in the
waste-to-energy, wastewater treatment, and water services company.
This is Hudson’s first investment in China.
GSEI engages in the operations and maintenance of water,
waste water and waste to energy plants in China. It is one of the top
environmental protection companies in China, controlled by MBK Partners, an
Asian private equity firm.
Hudson’s investment will help GSEI build
out several expansion and greenfield projects and accelerate its near-term
growth.
“GSEI has deployed innovative technologies and
constructed a portfolio of highly strategic assets that position the company at
the forefront of China’s rapidly growing environmental protection
industry,” said Neil Auerbach, co-managing partner of Hudson Clean Energy
Partners.
GSEI concentrated in key economically developed areas in
China, including Beijing, Shanghai and Jiangsu Province. The company’s projects
are supported by long-term concession agreements with local municipalities, and
provide essential services to the local population.
GSEI owns and operates 11 high-quality assets in the
region, while its waste-to-energy project in Beijing is the largest single-line
plant in Asia.
“We are truly pleased that Hudson, with its
outstanding reputation and clean energy experience, is investing in GSEI at a
time when our industry is poised for significant growth. The Hudson team
understands the opportunities that lie ahead, and we welcome their vision as we
lead GSEI through its next phase of expansion,” said Jiang Chao, chairman
and CEO of GSEI.
“It was clear to us that GSEI’s team, asset
portfolio, and growth opportunities – together with a compelling industry
outlook – make this an ideal partnership for our firm. We are excited that GSEI
is Hudson’s first investment in the dynamic Chinese market,” John
Cavalier, co-managing partner of Hudson.
In early 2011, Hudson acquired two hydroelectric facilities in Sullivan and Orange County, New York, through
its portfolio company Eagle Creek Renewable Energy,
editor@greentechlead.com