Day: April 26, 2022

Why NGP ETP Invested in LevelTen Energy

In August 2021, NGP ETP led the $35 million Series C financing of LevelTen Energy (“LevelTen”). We need to remove development bottlenecks, build five times more wind and solar energy every year Wind and solar are now the lowest-cost new power source for two-thirds of the global population.[1] In 2020, wind and solar represented ~85% of global additions of power generating capacity;[2] however, to reach net-zero by 2050, annual capacity additions need to be at least five times higher than