First Reserve Corporation reaches financial close for euro 276 million funding for Rovigo solar PV plant in Italy
First Reserve Corporation (Greenwich, Connecticut, US) , a world leading private equity firm in the energy industry, on November 2, 2010 announced that it has entered into a euro 276 million project financing facilities agreement for the Rovigo solar plant in Northeast Italy. First Reserve acquired the 70 megawatt (MW) photovoltaic (PV) power plant from Sun Edison LLC, a division of MEMC Electronic Materials, Inc. in September 2010, which when completed later this year is expected to be the largest operating solar power plant in Europe. The lenders participating with First Reserve on the financing agreement include Banco Santander, Unicredit Corporate Banking, Crédit Agricole, Dexia Crediop, Natixis and Société Générale.
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UTILITY-SCALE PROJECTS OPERATING IN U.S.: Concentrating Solar Power Total (MW) = 433, Photovoltaics Total (MW) = 168, Total Projects in Operation (MW) = 601 Utility-Scale Projects Under Construction: Concentrating Solar Power Total (MW) = 77, Photovoltaics Total (MW) = 115, Total Under Construction (MW) = 192
Utility-Scale Projects Under Development: Concentrating Solar Power Total (MW) = 10,261; Photovoltaics Total (MW) = 13,199; Total Under Development (MW) = 23,460.