The san francisco based firm just completed a $200 million solar project "which invested in 20.6 megawatts of photovoltaic solar arrays for companies like Macy’s, the Gap, Lowe’s and utility FPL (FPL) as well as the Denver International Airport" "MMA Renewable (MMAB.PK)" provides the money for the installation of large commercial solar arrays on big box stores and other places while keepin ownership of the systems. The electricity produced is sold to the building owner under a long term contract
how ever the good news is that some how if that company can raise enough money they just might be able to to the same in denver the only problem is that the company would have to raise $200 million more dollers and in my opinion that would take a very long time and would be really hard many of the wall street banks that invested in big solar projects are no more and contral
projects has fallen faster than the Dow Jones as most companies aren’t piling up much tax liability these days the ones that are left are being very picky and asking a lot,” says Cheney, adding that banks and other investors are demanding bigger returns on their investments still he notes past "MMA Renewable investors like Wells Fargo (WFC) remain relatively healthy." “If you look at every country in Europe and the U.S., there are good examples of financing institutions that were less impacted by the financial crisis, which is a deep one” he says
one possible source of new money investment may come from well "capitalized utilities" "that thanks to a change to the tax laws Congress made last October, can now claim tax credits for solar projects. PG&E (PCG) CEO Peter Darbee, for instance, has said his utility plans to invest in solar power plants."
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12 years ago