The two companies will\u00a0 first invest an initial $165 million in the venture. However, eventually the fund could hold up to $1.5 billion in investment capital.<\/p>\n
As part of the venture SunEdison, a unit of MEMC Electronic Materials, will identify and develop projects and First Reserve will handle all financing efforts.<\/p>\n
\nThe industry needs efficient and scalable financing models to meet demand. We expect the joint venture to help facilitate the development of our existing backlog of project opportunities and prospective projects that meet our development criteria.<\/p>\n<\/blockquote>\n
The venture is a catalyst that will help ensure that SunEdison’s project-pipeline gets funded.<\/p>\n
This is not First Reserve first cleantech investment. Spanish solar developer 9ren Group, formerly Gamesa Solar, is a portfolio company.<\/p>\n
Image: iStockphoto<\/p>\n
![](\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/YJNuB_GziZI\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Solar power plant developer SunEdison and energy-focused private equity fund First Reserve have formed a venture that will finance solar projects developed by SunEdison. The two companies will\u00a0 first invest an initial $165 million in the venture. However, eventually the fund could hold up to $1.5 billion in investment capital. As part of the venture […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-578161","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/578161","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\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=578161"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/578161\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=578161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=578161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=578161"}],"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\/solar.png\" "\\"Solar\\"")
<\/p>\n![\"\"](\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/03\/iStock_000003031633Small2.jpg\" "\\"iStock_000003031633Small\\"")
<\/a>Solar power plant developer SunEdison and energy-focused private equity fund First Reserve have formed a venture that will finance solar projects developed by SunEdison.<\/p>\n