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property for sale in balchik varna brovets bansko bulgaria
News and Information Article
Third-Party Financier Enables Widespread Access to Clean Energy by Eliminating
Self-Financing Obstacles
SAN FRANCISCO, Feb. 28 // -- Renewable Ventures, LLC today
announced that in partnership with its institutional investors, it is ready to
fund $100 million of solar energy and other renewable energy projects
nationwide. A specialist in the financing and management of renewable energy
projects, Renewable Ventures works with project developers, installation
companies and energy customers to commission onsite power plants that deliver
predictably priced, clean energy without burdening the customer with purchase
costs and ongoing system maintenance responsibilities. This first round of
institutional funding will be used to finance Renewable Ventures growing
pipeline of investment-grade solar photovoltaic projects.
"Although solar energy is soaring in popularity, the upfront cost of
installing a system is still a major obstacle for potential customers. Our
financing solutions remove that economic barrier of entry, giving electricity
consumers easy access to stable power rates and helping solar developers make
the sale," said Matt Cheney, CEO of Renewable Ventures. "Just like car leases
and home loans make those products accessible to consumers, the advent of
third-party financing in this sector moves clean energy into the mainstream."
Renewable Ventures third-party finance model presents an ideal solar
energy solution for organizations with large facilities and substantial
electricity needs including, schools, factories, business parks, office
buildings, wineries, bottlers, chilled warehouses, airports, and municipal
sites. Under the third-party finance model, Renewable Ventures owns,
operates, and maintains each generation facility and sells the power to the
site host under the terms of a power purchase agreement (PPA). Leveraging
economic incentives and deep industry knowledge, Renewable Ventures can
optimize renewable energy projects to deliver power at rates that are often at
or below current brown power utility rates.
Renewable Ventures draws capital for its financing solutions from numerous
institutional investment partners enabling it to deliver lowest cost solutions
tailored to individual projects. Committed to ensuring reliable investment
opportunities, Renewable Ventures carefully selects its projects based on a
thorough evaluation of the customers, the developers, the equipment and other
key success factors.
About Renewable Ventures LLC
Renewable Ventures LLC owns and operates profitable renewable energy
assets in the United States. We partner with top-tier investors, project
developers, and customers to build distributed green energy generation plants
and to sell the electricity and renewable energy credits to the site-host
under a power purchase agreement. Renewable Ventures is dedicated to
providing competitively priced, green energy for customers and exceptional
investment opportunities in the renewable energy sector. For more information
about Renewable Ventures, visit http://www.renewableventures.com.
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