Austin investment firm offers $100m for large-scale solar projects

July 9, 2010

Investment firm PowerFin Partners LLC is offering to finance more than $100 million worth of commercial and utility-scale solar projects in the US and Canada.

The company based in Austin, Texas, is looking for projects above 2 megawatts in size (DC), for which permitting is nearly complete.

Projects must be a minimum of 300,000 square feet across as many as four sites.

Tuan Pham, Managing Director and President of PowerFin, which is backed by institutional investors, said confusion about incentives, power prices and the value of solar has been holding the industry back.

He said his company offered the experience needed to open solar markets to more investors.

“Important”

“There is a lot of excitement in the solar industry right now,” said Mr Pham. “We look forward to providing the institutional infrastructure and investment discipline needed to accelerate the growth of this important industry.”

PowerFin, a privately-held company founded in 2007, works with companies throughout the solar supply chain to grow their businesses, including integrators, developers, equipment providers, and other capital sources.

The firm said as part of its funding process, it provides all necessary contracts, covering power sales, construction and engineering, site leases and operations and maintenance.

Solar integrators, developers and others seeking capital for solar projects should email info@powerfinpartners.com for more details, or visit the “Solar Financing Quote” section of the PowerFin website.