Starwood Announces Project Financing Of $120m For Three Solar Photovoltaic Power Projects In California, the US - Deal Analysis from GlobalData

Starwood Announces Project Financing Of $120m For Three Solar Photovoltaic Power Projects In California, the US - Deal Analysis from GlobalData

Summary

Starwood Energy Group Global LLC announced a $120m project finance deal in the US. The investment will be utilized to develop three solar photovoltaic (solar PV) projects of 20 MW each, in California. On completion, the projects will add 60 MW of installed capacity to the state. The total project cost is expected to be around $240m. As California is the most attractive option for solar PV investments in the US, the company has planned to set up its solar PV plants in this location. California’s solar rebate program also attracts solar PV investors in the state for setting up solar projects. Thus, Starwood has planned three solar PV projects in California to expand its renewable portfolio.

Scope

• The information related to the asset finance of the wind farm.
• A brief on company, The Starwood Energy Group Global LLC
• Comparison of asset finance deals in solar PV sector, 2010
• Key drivers for the execution of the deal

Reasons to buy

• Understand the reasons for the asset finance
• Key drivers for the execution of the deal
• Assists in understanding the dynamics of Starwood Energy and its competitors in the solar PV market