REgeneration Finance LLC, a developer of solar energy projects in North America, has entered into a joint venture with Padova, Italy-based Silfab SPA, a vertically integrated European photovoltaic company.
This transaction involves both a capital investment into a REgeneration affiliate from Silfab and a collaboration agreement between REgeneration and Silfab USA LLC, its U.S. subsidiary. REgeneration will use the funds from the investment to expand its program of financing and structuring commercial and utility-scale solar energy projects.
The initial focus is to structure and provide construction, debt and related equity financing to large-scale distributed-generation projects throughout the U.S. The joint venture will ultimately own these projects. REgeneration is actively developing a pipeline of projects for schools, universities, municipalities and major corporations.
SOURCE: REgeneration Finance LLC