Clean-Energy Fund Formed by Former N.Y. Ranger Gets $26 Million

Jul 09, 2014 2:47 pm ET

July 9 (Bloomberg) -- Healthy Planet Partners Financing Company LLC, the investment firm founded by former New York Rangers goaltender Mike Richter, closed a $26 million fund it will use for clean-energy projects.

Healthy Planet Partners Energy & Infrastructure Fund LP will focus on distributed-generation and energy-efficiency projects, the Greenwich, Connecticut-based firm said today in an e-mailed statement. Investors include the firm’s partners.

The fund will offer power-purchase agreements in which it maintains ownership of the energy systems and sells electricity back to clients at set rates, according to its website. As much as two-thirds of the $7.7 trillion invested in new power plants by 2030 will be in renewable-energy generation, according to Bloomberg New Energy Finance.

“Our approach enables client partners to confront environmental impact and operational costs simultaneously,” Richter, Healthy Planet Partner’s chief executive officer, said in the statement. “We are excited to start executing on our pipeline of projects across the United States.”

Richter helped lead his 1993-94 Rangers team to the Stanley Cup championship in seven games over the Vancouver Canucks.