Dive Brief:
- German solar company Conergy plans to create a $100 million tax equity fund to finance solar projects in the U.S.
- Conergy expects the fund will allow it to boost its North American solar business by 50 MW. Projects will range from 25 kW to 25 MW.
- Josefin Berg, an IHS senior analyst, expects Conergy's approach to project financing to spread in the U.S.
Dive Insight:
“For asset ownership, the most common approach is to sell projects once built in order to secure revenues,” Berg said. “Following this trend, Conergy is not planning to directly own any projects, but plans to channel the projects to a fund.”
Options for financing solar projects in the U.S. continues to expand, which will help the sector keep growing.