CohnReznick Capital Markets Advises On Redwood Solar Projects

CohnReznick Capital Markets Securities has signed an agreement with 8minutenergy Renewables and Sustainable Power Group (sPower) to serve as finance advisor on their 72.9 MW Redwood solar farm portfolio in Kern County, Calif.

Jointly developed by 8minutenergy and sPower, the projects have signed power purchase agreements with Southern California Edison; Pacific Gas and Electric Co.; and the City of Palo Alto, Calif. Macquarie Capital is providing financing for the project. Gehrlicher Solar America Corp. is providing engineering, procumement and construction services.

The Redwood solar farms are expected to come online in the third quarter.

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