Third-Party Financier Provides $100 M in Solar PV Funding

San Francisco, California [] In partnership with its institutional investors, Renewable Ventures LLC announced that it is ready to fund $100 million of solar energy and other renewable energy projects nationwide. Renewable Ventures’ third-party finance model offers a solution for organizations with large facilities and substantial electricity needs such as schools, factories, business parks, office buildings, wineries, bottlers, chilled warehouses, airports, and municipal sites. Under the third-party finance model, Renewable Ventures owns, operates, and maintains each generation facility and sells the power to the site host under the terms of a power purchase agreement (PPA). Renewable Ventures claims it can optimize renewable energy projects to deliver power at rates that are often at or below current brown power utility rates. This first round of institutional funding will be used to finance Renewable Ventures’ growing portfolio of investment-grade solar photovoltaic projects.
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