Renewable Ventures LLC Acquires NV Nuon's U.S. Renewable Energy Unit Enabling Expanded Financial and Operational Support of Renewable Energy Facilities
SAN FRANCISCO/PRNewswire/ -- Renewable Ventures LLC today announced that it has completed a management buy out of the U.S. renewable energy subsidiary of nv Nuon, the largest utility company in the Netherlands. Finalized in 2004, the acquisition positions Renewable Ventures at the forefront of the drive to grow the $16.1 billion clean energy market by enabling adoption and commercial viability in the United States.
Renewable Ventures plans to continue supporting Green Mountain Energy Company, an Austin-based green power company partly owned by nv Nuon, through new renewable energy generation facilities. Renewable Ventures is also focusing on clean-energy project finance, working with commercial, industrial and government customers, and private capital markets to match investment resources with investment opportunities.
Renewable Ventures collaborates with a broad array of financial institutions and alternative energy project developers in the U.S., providing advisory services, and equity and debt to investment-grade project development opportunities.
The company will maintain its base of operations in San Francisco, California with a satellite office in Bethesda, Maryland.
About Renewable Ventures LLC
Renewable Ventures LLC (http://www.renewableventures.com) is a leading provider
of innovative financing solutions focusing on solar electric and renewable
energy power plant development for commercial, industrial and governmental
customers in the U.S. Renewable Ventures finances, owns and operates
renewable energy power plants in North America, including plants located in
California, Ohio, Connecticut and Texas.
Source: Renewable Ventures LLC