Hybrid renewable energy projects combine different types of renewable and traditional energy technologies to generate sustainable sources of clean electricity. EIF NTE Hybrid Renewable Energy will construct plants that combine solar, biomass, and other renewable technologies with natural gas turbine technology to produce renewable sources of electricity. The JV also plans new projects in Florida, South Carolina and Alabama in near future.

Lucas Missong, vice president of EIF, said: “We are excited to be involved in funding the development and deployment of this exciting technology. We believe it will revolutionize the generation of clean, renewable energy in the US.”

Seth Shortlidge, president of NTE Energy, said: “Hybrid renewable energy is a great way to produce large quantities of clean, renewable energy in a cost-effective manner. We are delighted to partner with EIF to develop and construct a number of these facilities in the upcoming years.”