EnCap Investments LP, a Houston-based energy industry growth capital company, has closed its second energy transition fund, with commitments totalling €1.5 billion (EUR 1.4bn). The EnCap Energy Transition Fund II (EETF II) will invest in solutions to decarbonise the power industry and will also pursue opportunities in low-carbon fuels and carbon management. The firm has already made commitments to five portfolio companies, including Linea Energy, Parliament Solar, PowerTransitions, Arbor Renewable Gas, and Bildmore Renewables. EnCap expects to have eight to ten companies in EETF II. The first fund raised over $1.2 billion and had seven material portfolio company investments and four fund realisations so far.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
