This transaction involves both a capital investment into a REgeneration affiliate from Silfab and a collaboration agreement between REgeneration and Silfab USA.
REgeneration will use the funds from the investment to expand its program of financing and structuring commercial and utility scale solar projects. The initial focus is to structure and provide construction, debt and related equity financing to large scale distributive generation projects throughout the US. The joint venture will ultimately own these projects.
In addition to the investment, Silfab entered into a collaboration agreement with REgeneration to provide its technical expertise through its US subsidiary.
Lorrie Friedman, CEO of Regeneration, said: “We are very proud to be associated with one of Europe’s top integrators and solar energy providers. Their principal founders have over 30 years of diverse experience in our industry covering the entire photovoltaic supply chain. This partnership provides cutting-edge technologies and best practices that have evolved in the European markets.”
Franco Traverso, chairman and CEO of Silfab, said: “The marrying of REgeneration’s financial expertise with our long experience in developing and operating photovoltaic power-plants should deliver ultimate benefits to US consumers seeking affordable, clean energy.”
