Renewable Ventures a Fotowatio Company, Gets $200M Solar Funding
SAN FRANCISCO, Aug. 3 /PRNewswire/ -- Renewable Ventures, a Fotowatio company, today announced the completion of Solar Fund V to finance more than $200 million of new solar energy projects across the United States. The fund's first project is a two-megawatt solar photovoltaic project located in Ft. Collins, Colorado that will sell energy to Colorado State University and renewable energy credits to one of the state's utilities, Xcel Energy. Solar Fund V, the fifth fund organized by Renewable Ventures and the first as Fotowatio's U.S.-based subsidiary, reinforces the company's growth strategy in the United States. The fund will focus on the development and acquisition of commercial, public sector, and utility-scale solar projects from one to 10 megawatts in size. "With this new infusion of capital, we stand ready to work with businesses, utilities and others to immediately finance, develop, or acquire megawatts of large-scale solar projects in the U.S.," said Re...