CleanPath intends to manage two revolving facilities to invest over $800m into 1,000MW plus in large-scale solar PV projects over the next 60 months.
Founded by Matt Cheney and Karin Berardo of MMA Renewable Ventures, an energy investment firm, CleanPath picks up where MMA left off after its 2009 sale to Fotowatio, now focusing solely on infusing capital into large-scale projects.
By reducing barriers to capital, the company plans to help North America become the largest solar PV market by 2015.
CleanPath CEO Matt Cheney said CleanPath formed to assist developers, utilities, builders, businesses, governments and land owners in meeting the capital requirements of their projects, regardless of the scale of the opportunity.
The company’s team will focus on large-scale solar projects ranging in size from 5-100MW plus utilizing top tier PV equipment.
CleanPath is a renewable energy investment firm which develops, builds and delivers high quality renewable energy assets to long-term owners.
