First Reserve Corp. is a private equity fund based in the United States. The firm has acquired Gamesa Solar, a division of a larger Spanish company, for about $408 million.
Along with the acquisition, First Reserve has also announced a $940 fund that will be applied toward renewables, primarily solar energy projects.
The amount will represent a significant portion of First Reserve’s next fund raise. The firm’s current $8 billion fund is nearly expended, according to the Financial Times, and it will be raising a further $12 billion.
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Samantha said:
If you’d like to learn more about renewable energy finance, I suggest you check out the Renewable Energy Finance Forum-Wall Street, held this June in New York City. The event provides an opportunity for renewable energy stakeholders to network and share ideas about renewable energy finance. Topics for discussion will include, biofuels, solar power, wind energy, market drivers, and more, and speakers will include representatives from industry leaders such as BP, Credit Suisse, JPMorgan, the American Council on Renewable Energy, and many others.
For more information, visit http:/www.REFFWallStreet.com.
