Global solar firm FRV has entered into a partnership with private equity firm Denham Capital. Under the agreement, Denham Capital will invest more than $190 million in new solar energy projects across a broad range of geographies.
Denham Capital will be the lead investor in FRV, providing capital to be invested in solar energy projects worldwide, alongside Spanish private equity firm Qualitas Equity Partners and FRV's founding members.
According to the companies, the agreement will strengthen FRV's ability to make investments in global solar markets, including Australia, South Africa, Latin America, Europe and the Middle East.
The partnership will consider acquisitions where FRV's core competencies can add value, the companies add. FRV will continue to provide asset management services to existing partners and will opportunistically consider new asset management contracts.