Silfab forms joint venture in U.S. to develop commercial and utility-scale solar projects

Facebook
Twitter
LinkedIn
Reddit
Email

Having already successfully developed solar parks in Italy and plans within other European countries, Silfab is expanding into the U.S. market by forming a joint venture with REgeneration Finance LLC., a solar project developer with offices in Harrison, NY and San Francisco, California, via Silfab’s U.S. subsidiary. Silfab will invest an unspecified amount into a REgeneration affiliate to support finance requirements for commercial and utility-scale solar projects. The joint venture will ultimately own these projects, according to Silfab.

Lorrie Friedman REgeneration’s CEO said, “Silfab has over 60MW of utility scale projects under development in key southern European markets, and whose founders, Franco Traverso (an Italian pioneer in the solar energy industry), Pan Asia Solar Ltd. and Sino-American-Silicon Products Inc. have an unmatched record of building successful solar energy companies – we can think of no better partner to work with to take advantage of the coming boom of US solar activity.”

The initial focus is to structure and provide construction, debt and related equity financing to large scale distributive generation projects throughout the United States. Coltin Securities LLC acted as financial advisor to REgeneration in the transaction.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

July 18, 2024
EDP Renewables North America (EDPR NA) has inaugurated the 200MW/40MW  Scarlet I solar-plus-storage project in Fresno County, California.
July 18, 2024
US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.
July 18, 2024
The facility can process up to 100,000 tonnes of decommissioned solar modules per year that can reduce electronic waste sent to landfills.
July 18, 2024
Recent PV pricing volatility has prompted Platts, part of S&P Global Commodities, to launch a new module spot market tracker for the US, Asia and Europe.
Premium
July 18, 2024
“We believe this policy will unlock opportunities for renewables as it increases electricity supply avenues."
July 18, 2024
Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA