The news follows a financing deal GCL Solar Energy struck earlier this month with Wells Fargo to finance $100m of solar projects next year.
The JV, known as GCL-SR Solar Energy, has a PV development portfolio of more than 1.1GW of projects, mainly in the 5MW-20MW size range. Some 40 sites have been secured and construction on 400MW of projects is to begin “in the near term”.
SolarReserve chief executive Kevin Smith says the tie up “will leverage GCL’s PV technology expertise with SolarReserve’s capabilities in identifying and developing attractive solar energy projects”.
