Select Historic Landmarks
2007-2009
PJ Lee, an Institutional Investor with Cargill / Black River, invests in SunEdison, a start-up solar developer, and meets Carlos Domenech, a General Electric executive recruited to lead and grow the company. Working together on the SunEdison Board, PJ and Carlos navigate market turbulence during the Great Financial Crisis and orchestrate a transformative merger with MEMC, a publicly listed global device manufacturer, who subsequently changes its company name to SunEdison (NYSE: SUNE).
2012
EverStream Capital Management was created with seed capital from its founders and SunEdison (NYSE: SUNE), which at the time was one of the world's largest renewable energy companies.
2012
EverStream launched EverStream Yield, a subsidiary designed to aggregate solar and wind assets and deliver dividends to investors, modeled after REITs and MLPs. This pioneering “YieldCo” concept was sold to SunEdison in 2013, became TerraForm Power (NASDAQ: TERP) listing in 2014, and was later acquired by Brookfield Asset Management in 2017 and merged the company into Brookfield Renewable Corporation (NYSE: BEPC).
2013
EverStream acquired Enfinity NV, a large European solar developer with an international footprint across the U.S., Europe, and Southeast Asia and sold many projects to consolidators such as TerraForm Power, TerraForm Global and Enfinity Global.
2014
EverStream enters the natural gas market and creates two platform companies that enable compressed and liquid natural gas (CNG and LNG) production and delivery to replace diesel fuel in high horse power applications.
2014
Following Japan’s Fukushima nuclear shutdown, EverStream founded Pacific Solar, a development platform that grew into one of the country’s largest solar developers under new government incentives. EverStream-managed funds supported both asset development and ownership.
2015
EverStream helped launch TerraForm Global, a second YieldCo focused on emerging markets. The company went public (NASDAQ: GLBL) and, along with TerraForm Power, was acquired by Brookfield in 2017.
2016
SunEdison, which rapidly grew its development and acquisition business with large amounts of convertible debt in order to "drop" assets into its Yieldco affiliates TERP and GLBL, collapsed under excessive leverage and entered bankruptcy, liquidating most of its assets.
2017
EverStream acquired distributed generation assets from SunEdison’s bankruptcy, restructured the capital base and created DG Solar which it subsequently sold in 2020.
2017
EverStream entered India, forming a development company with a local partner and winning early government tenders for utility-scale and rooftop solar assets.
2018
EverStream creates dedicated co-investment vehicle, raises capital from BlackRock and expands Japanese solar development portfolio.
2018
PJ Lee invests seed capital and co-founds Compute North, a digital infrastructure developer specializing in small-scale data centers alongside stranded electricity sources. Assets sold in 2023.
2019
EverStream consolidates all of its global development teams and renewable asset pipeline into Enfinity Global, which officially launches in that year.
2021
EverStream sells majority of its India Platform and solar portfolio to Enfinity Global.
2022
EverStream sells its Japan solar portfolio to Enfinity Global.
2023
EverStream sells the majority of its international platforms and assets to refocus on U.S. investments, expanding into energy transition and energy–digital convergence.
2024
PJ Lee invests in energy & digital convergence company Backbone Digital, focused on small scale data center development.
2025
PJ Lee accelerates digital infrastructure activity taking ownership stakes in 1) Engineered Products/PDU Cables, a leading manufacturer of power cables for data centers and 2) New Era Energy & Digital (NASDAQ: NUAI), a developer of powered-land and shells for data center projects.
2025
Enfinity Global scales to over 3 GW of operating & construction stage solar and battery storage assets with 30+ GW development pipeline, $5+bn debt and equity raised and 370+ employees in 6 countries.