Renewable Social Benefit Funds, and Xzerta Energy Group have formed
a solar-focused safe harbor fund targeted at $200-400 million of
projects. The Fund, named Sol Haven Fund, will be immediately reaching
out to industry front line developers, EPC providers, integrators and
installers to identify and facilitate realization of solar projects
qualifying for safe harbor under the current ITC Grant program.
Renewable Social Benefit Funds is focused on assisting nonprofits and
municipalities in obtaining clean energy without upfront cost.
“These systems, the savings they produce, and the benefits to the
fight against climate change are too important to our local communities
to be held hostage by expiring federal incentives,” said Jonathan
Jaffrey, president of Renewable Social Benefit Funds. “With the
difficulties we are experiencing in the economy, we need — more than
ever — to make sure that these systems are built.”
The fund will be targeting the safe harbor of over 100 megawatts of
projects for 2012. Xzerta Energy Group is an affiliate of Auriga
Holdings, which will be facilitating the financing for these projects.
According to John Tartaglia, CEO of Xzerta Energy Group: “Solar
projects provide attractive returns for our clients, while at the same
time benefitting local communities and the environment. We are pleased
to be partnering with Renewable Social Benefit Funds to bring this Fund
to reality.”
http://www.solarbuzz.com/industry-news/new-solar-fund-targets-100-mw-pv-projects