Homecoming Capital to invest US$50M in Clean Energy Terminals
Summary
CET will use Homecomings investment to execute early-stage development work on a portfolio of newbuild and redeveloped offshore wind ports along the US East and West Coasts.CET chief executive Brian Sabina said, With the US targeting 110 GW of offshore wind capacity by 2050, including 15 GW of floating wind by 2035, demand for port infrastructure and the capital required to build it has never been greater.Homecomings long-term investment horizon, hands-on approach to working with management teams, and understanding that infrastructure needs to be developed in a way that is responsive to local stakeholders makes them a great fit for CET.They have a proven track record of identifying and scaling development platforms and will be invaluable as we grow our company into a leading provider of offshore wind port infrastructure.Homecoming partner and cofounder Cody Evans said, By developing the ports necessary to enable offshore wind, CET is poised to accelerate gigawatts of offshore wind deployment in the years to come.CETs deep experience in the private and public sectors and technical and commercial expertise makes them uniquely qualified as an offshore wind port infrastructure developer. We are excited to partner with CET to achieve their vision and advance the development of the offshore wind industry.