First Reserve buys Gamesa Solar for $408M, creates $940M renewable energy fund
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… Continue Reading