ecoSolargy Secures $150M for Project Financing

Joanna Schroeder

ecoSolargy Inc. has raised $150 million through private equity investors for its 2013 financing program. Led by the company’s utility project development division, the program’s goal is to finance utility-scale solar projects in various stages of development.

“ecoSolargy’s commitment to clean energy expands beyond the provision of high-quality solar products and the development of strategic and installation solutions,” said Alan H. Lee, CEO of ecoSolargy. “Our position in the solar industry has allowed us to effectively collaborate with private investment partners to raise funds that will help propel utility-scale projects in both the U.S. and abroad.”

ecoSolargy’s utility project development division was created four years ago to acquire, develop, and operate large scale solar projects throughout the world. The company offers project consulting and investigation, environmental studies, utility and government agency negotiations, project design and engineering and logistics. ecoSolargy is currently looking to finance utility-scale solar projects for 2013 that are in pre-development, development or construction stages, or that are already owned and operated.

Jimmy James Nhieu, vice president of project develop for ecoSolargy added, “We anticipate ecoSolargy’s utility-scale project development program to be quite successful in 2013 as we add to our portfolio and help develop solar projects throughout the United States. We welcome owners and developers of projects at all stages to contact us and inquire more information regarding our financing program.”

Alternative energy, Electricity, Energy, Renewable Energy, Solar