Renewable Energy Trust Capital ( Solar Thermal Magazine)
Renewable Energy Trust Capital, Inc. just announced that it has acquired the Camilla, Camp and Upson operating solar PV systems, totaling 24.5 MW DC from Origis USA, Inc. These solar projects are located in Georgia and benefit from long-term contracted revenues through 20-year power-purchase agreements with Georgia Power.
Under the agreement Origis Energy will continue to provide O&M and asset management services.
“RET Capital is pleased to acquire these high-quality assets, our first in the Southeast, and looks forward to growing its business with this exciting new Asset Partner,” said John A. Bohn, chief executive officer and chairman of RET Capital.
Guy Vanderhaegen, president of Origis had this to say:
These solar power projects are a prized development, among the first built under the Georgia Power solicitation, and we are pleased that RET Capital has acquired these quality assets to anchor what we hope will be a long and productive partnership. RET Capital and Origis share the goal of supplying renewable power to customers across the United States.
According to the company, RET Capital’s lead investor is BlueMountain Capital Management, an investment firm focused on the global credit markets and equity derivatives markets. BlueMountain Capital Management has a $19 billion portfolio and it or its affiliates have offices in New York, London and Tokyo.
About Gordon Smith Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.