<\/span>The Connecticut fund is in active discussion to secure regulatory approval to add another 40 megawatts to the 20-megawatt project. An industry source tells us that Starwood expects to get a regulatory green light for the 40-megawatt extension by the end of the first quarter. The plant\u2019s initial 20-megawatts are scheduled to be operational in the third quarter of this year.<\/p>\nLike the initial phase, the extension would be located in Sault Saint Marie, Ont. The output\u00a0 would be sold\u00a0 as part of a 20-year power purchase agreement to the Ontario Power Authority under the Renewable Energy Standard Offer Program (RESOP), a provincial initiative that, among other things, seeks to replace coal-fired power plants with renewable energy projects.<\/p>\n
A source tells us that the 40-megawatt PV facility will\u00a0use panels from Q-Cells, the German PV maker, and is estimated to cost about C$200 million ($193 million) to develop.<\/p>\n
German project finance bank Norddeutsche Landesbank Girozentrale (Nord\/LB), which has provided bank debt to support the construction of the initial 20 megawatts, will likely clinch the funding mandate for the additional 40 megawatts as well. Executives at Starwood and Nord\/LB declined to comment.<\/p>\n
Photo Credit: Wikimedia Commons<\/p>\n
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Starwood Energy Infrastructure Fund, a dedicated energy fund managed by private equity firm Starwood Energy Group, is planning to significantly expand its solar photovoltaic generation portfolio north of the border, in Ontario.\u00a0 Last week, the fund officially closed financing on two PV solar power plants that combined will generate 20 megawatts of electricity and cost […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-165098","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/165098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=165098"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/165098\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=165098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=165098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=165098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" "\\"Funding\\"")
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/wind.png\" "\\"Wind\\"")
<\/p>\n![\"\"](\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/4\/45\/Giant_photovoltaic_array.jpg\")
Starwood Energy Infrastructure Fund, a dedicated energy fund managed by private equity firm Starwood Energy Group, is planning to significantly expand its solar photovoltaic generation portfolio north of the border, in Ontario.\u00a0