Lotus is nearing completion of a 1.4 million tons per year ammonia facility in Texas. The firm has $7bn in assets under management.
Starwood Energy Group Global today announced the creation of Lotus Infrastructure Partners, the successor firm to Starwood Energy, effective as of January 1st, 2023.
Himanshu Saxena, CEO of the former Starwood Energy, will serve as the Firm's Chairman and CEO. Lotus Infra, with approximately $7bn in assets under management, will serve as the new brand name of Starwood Energy. The employees of Starwood Energy have been transferred to Lotus Infra and will continue to manage all investor capital and fund investments on behalf of its existing investors and partners. Starwood Capital Group, a private investment firm, will remain a passive minority investor in Lotus Infra.
"We are pleased to introduce Lotus. Re-branding Starwood Energy is an important step in positioning our firm for the future. We are a leading infrastructure investor with approximately 20 years of experience investing in all facets of energy and infrastructure assets. Lotus Infra will continue this track record with a clear focus on sustainability and environmental stewardship, while creating attractive value for our investors and partners. Our world-class team looks forward to continuing to grow Lotus Infra in this very constructive environment for infrastructure investing," said Himanshu Saxena.
Lotus Infra is currently in the process of completing construction of TenWest Link transmission line, a transmission superhighway that will enable thousands of megawatts of renewable wind and solar energy to be delivered into California. Lotus Infra is also in the final stages of completing GCA, a 1.4 million tons per year ammonia facility currently under construction in Texas. Once completed, GCA will supply ammonia in the global markets for energy and agricultural uses.