Fengate unveils $100 mln partnership with PowerFin Partners
Fengate Real Asset Investments has entered into a US$100 million equity commitment and co-development partnership with PowerFin Partners, an Austin, Texas-based solar power developer and operator. The deal includes as a seed investment Fengate's acquisition of a 9.1 megawatt DC portfolio of operating solar projects in Texas. It will also see Fengate invest in the development and construction of PowerFin’s pipeline of projects over multiple years. Fengate, a Toronto-based investor in infrastructure, private equity and real estate, said the clean-energy partnership transaction is its third in North America and second this year.
12 June 2018•4 mins read
