The firm said that focus areas for funding would include solar, geo-thermal, biomass and other forms of alternative energy.
The company said that the new startup firm 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.
Jahm Najafi, CEO of Najafi Companies, said: This is a very exciting venture for us, and we’ve pulled together a first class management team to spearhead it. 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.
