Starwood-Announces-Project-Financing-Of-$120m-For-Three-Solar-Photovoltaic-Power-Projects
02/08/2011

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Online PR News – 08-February-2011 – – Starwood Energy Group Global LLC announced a $120m project finance deal in the US. The investment will be utilized to develop three solar photovoltaic (solar PV) projects of 20 MW each, in California. On completion, the projects will add 60 MW of installed capacity to the state. The total project cost is expected to be around $240m. As California is the most attractive option for solar PV investments in the US, the company has planned to set up its solar PV plants in this location. California’s solar rebate program also attracts solar PV investors in the state for setting up solar projects. Thus, Starwood has planned three solar PV projects in California to expand its renewable portfolio.

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