Analysis: 6% of US single family offices in invest in Renewables [2024]

Analysis: 6% of US single family offices in invest in Renewables [2024]

We created this article as part of our research process for our United States single-family office database. Here, we are investigating the share of US single-family offices that are actively investing in renewable energy, either through the acquisition of solar and wind projects, or own development efforts.

In total, 27 US single family offices are investing in renewable energy. This represents a quite low share of 6%, given the total number of single family offices in our database. Nonetheless, we see an increasing number of family investment vehicles investing in solar and wind assets, since renewable energy investments in the USA have been on a significant rise over the past few years, with the country becoming one of the leading investors in this sector. This is due to a combination of factors including technological advancements, favorable government policies, and an increasing awareness about climate change and the need for sustainable energy sources.

In the following, we are portraying a family office that has invested in the renewable energy sector.

ARB Inc: Renewables single family office from Pennsylvania

ARB is the family office of the Halloran family, which was based on Harry Halloran, an active investor in the US wind industry. The family office is focused on investments in “climate change driven sectors”. Besides private companies like 3Degrees and Faraday, the family office also owns a 100 MW wind project in Palm Springs, California. The project was repowered in 2021. The family office also invests in renewable energy startups, for instance the commercial wind technology firm Wind Harvest, which is developing H-type vertical axis turbines. Former investments include the renowned inverter firm Solaredge or Frontier Wind, a firm developing wind speed sensing technologies.

Picture source: American Public Power Association via Unsplash (01.01.2024)

You might also like our list of the largest US renewable energy investors or the list of the 400 largest renewable energy technology investors.

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