Fengate Reaches $100M Solar Co-Development Deal

Law360 (June 11, 2018, 2:01 PM EDT) -- Fengate Real Asset Investments on Monday said it has agreed to a $100 million equity commitment and co-development partnership with Texas-based solar power development company PowerFin Partners LLC that includes the acquisition of a portfolio of solar projects.

Fengate will acquire a 9.1-megawatt direct current portfolio of operating solar projects in Austin and San Antonio, Texas, as the seed investment from PowerFin. The commitment represents a multiyear investment to fund the development and construction of PowerFin's solar projects in Texas, while Fengate will exclusively invest in all of the partnership's solar projects.

"Fengate is pleased to partner with PowerFin to further...

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