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

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA