“It’s a confidential sales process,” chief executive Kevin Smith said Thursday at the REFF Wall Street conference.
Smith then changed tack slightly, saying: “I don’t know if I’d say we’re up for sale; we’re dealing with a need for capital.”
“We’re looking for strategic investment in SolarReserve because we have assets that we should be taking larger ownership positions in.”
Last month Los Angeles-based SolarReserve sold six shovel-ready US PV projects totaling 140MW to Con Edison Development that it had developed jointly with a unit of China’s GCL-Poly.
SolarReserve
