First Reserve Corporation reaches financial close for euro 276 million
funding for Rovigo solar PV plant in Italy
First Reserve Corporation (Greenwich, Connecticut, US) , a world leading
private equity firm in the energy industry, on November 2, 2010 announced
that it has entered into a euro 276 million project financing facilities
agreement for the Rovigo solar plant in Northeast Italy. First Reserve acquired
the 70 megawatt (MW) photovoltaic (PV) power plant from Sun Edison LLC, a
division of MEMC Electronic Materials, Inc. in September 2010, which when
completed later this year is expected to be the largest operating solar
power plant in Europe. The lenders participating with First Reserve on the
financing agreement include Banco Santander, Unicredit Corporate Banking,
Crédit Agricole, Dexia Crediop, Natixis and Société Générale.
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UTILITY-SCALE PROJECTS OPERATING IN U.S.: Concentrating Solar Power Total
(MW) = 433,
Photovoltaics Total (MW) = 168, Total Projects in Operation (MW) = 601
Utility-Scale Projects Under Construction: Concentrating Solar Power Total
(MW) = 77,
Photovoltaics Total (MW) = 115, Total Under Construction (MW) = 192
Utility-Scale Projects Under Development: Concentrating Solar Power Total
(MW) = 10,261;
Photovoltaics Total (MW) = 13,199;
Total Under Development (MW) = 23,460.