Renewable Properties Secures Additional $40 Million From AB CarVal
Key Takeaway
This substantial capital injection empowers Renewable Properties to significantly expand its portfolio of small-scale renewable, storage, and EV charging projects, creating new development and off-take opportunities for developers and large power consumers.
AI Summary
- •Renewable Properties secured an additional $40 million, increasing its corporate capital facility with AB CarVal to $120 million.
- •The funding is earmarked for developing and investing in small-scale utility, community solar, energy storage, and EV charging infrastructure projects.
- •This capital infusion signals an aggressive pursuit of new project opportunities, indicating increased market activity in distributed generation and electrification.
- •Developers should note a well-funded player actively seeking new projects or partnerships in the small-scale renewable and storage sectors.
- •Large power consumers may see increased availability of local renewable energy and storage solutions, potentially impacting PPA options and grid resilience.
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Article Content
California-based Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and EV charging infrastructure projects, announced that it has increased its existing corporate capital facility with funds managed by AB CarVal by $40 million to a total of $120 million. The funds will be used to secure new project opportunities and […] The post Renewable Properties Secures Additional $40 Million From AB CarVal appeared first on POWER Magazine .