MuniMae acquires Renewable Ventures LLC
I’m hearing this is a match made in cleantech heaven. MuniMae, a major provider of debt and equity financing for real estate developers, has purchased clean-energy project financer/operator Renewable Ventures LLC. (See this post about RV’s launch in February of a $100-million U.S. fund). The buzz about this deal, according to a Red Herring story, is that it will accelerate the availability and increase the options for financing clean-energy projects for businesses and other organizations. Perhaps it will also trigger similar deals/arrangements in the U.S. and even Canada.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca