PowerFin Partners announced that it has reached capacity to fund over $100 million in commercial and utility-scale solar projects in the U.S. and Canada. PowerFin provides the PPA, EPC, O&M and site lease contracts along with engineering for the full operation of a solar generation facility.
“There is a lot of excitement in the solar industry right now; but, confusion about incentives, power prices, and the value of solar, are holding the industry back,” said Tuan Pham, managing director and president of PowerFin. “We believe that our experience in valuing energy assets will enable the completion of more bankable solar projects and help open solar markets to more investors and customers. We look forward to providing the institutional infrastructure and investment discipline needed to accelerate the growth of this important industry.”
For integrators, developers and others seeking capital for solar projects, the company is looking for projects over 2MW for which the permission process is near completion. A single project can cover a minimum of 300,000 square feet, which can be spread across as many as four different sites.