Belectric, Smart Energy Capital Enter Project-Development Venture

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Belectric Inc. and Smart Energy Capital LLC have created a joint venture to develop and finance utility-grade photovoltaic power plants.

This joint venture comes on the heels of the parties' successful collaboration on the recently announced sale of Belectric's 30 MW project to Constellation Energy in the Sacramento Municipal Utility District's (SMUD) feed-in-tariff program, which was structured and arranged by Smart Energy.

The joint venture will primarily focus on multi-megawatt utility-grade PV power plants in the U.S. The companies will develop projects on a greenfield basis as well as through project acquisitions from qualified developers.

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