NuGen Capital Management

Overview

NuGen Capital Management is a private investment firm specializing in clean energy infrastructure and real estate projects across the United States. Founded in 2010 by David Milner, the firm has been at the forefront of clean energy development and capital solutions, managing a growing portfolio of solar, energy storage, and fleet electrification projects. As of January 2025, NuGen has invested over $250 million in these sectors, demonstrating a strong commitment to advancing America's energy transition. The firm's investment strategy focuses on deploying capital into high-quality solar assets, with a particular emphasis on operating and distressed solar projects. In early 2026, NuGen announced a commitment to invest over $150 million in such assets across the Northeast, reflecting its conviction that experienced operators can optimize project performance and preserve long-term economic value. This approach integrates project finance, tax strategy, and operational asset management to enhance project performance while reducing risk. NuGen's team comprises professionals with diverse expertise in energy solutions, real estate, and finance, enabling the firm to handle every phase of clean energy projects, including financing, tax credit strategies, development, construction, operation, and management. The firm is actively seeking partners across the energy ecosystem—developers, landowners, project owners, and operators—to purchase projects that deliver long-term value in their respective communities. This collaborative approach underscores NuGen's dedication to accelerating the clean energy transition and providing reliable, affordable power to communities nationwide.

Investment Focus

• Operating and distressed solar assets
• Projects across the United States, with a focus on the Northeast
• Partnerships with developers, landowners, project owners, and operators

Portfolio Companies