For full article see PV-Tech, January 16, 2015

Renewable Energy Trust Capital (RET Capital) has, in the process of signing a collaboration framework agreement with developer Origis Energy, acquired three PV plants in the US state of Georgia which total 24.5MW of generation capacity.

RET Capital, one of solar’s top five venture capital-funded companies in 2014, is a privately held equity investment company which acquires solar PV projects with long-term contracted cash flows in place. The three plants, Camilla, Upson and Camp, have been bought from developer and financier Origis Energy, which has offices in Florida, Cyprus and Belgium.

In striking up the new deal, RET Capital and Origis have signed a collaboration agreement to continue working together on “co-development and acquisition efforts”. RET Capital will, as might be expected, provide long-term capital, while Origis will serve as operations and maintenance (O&M), engineering, procurement and construction (EPC) and asset management partner. RET Capital talked up the deal as a source of “substantial benefits and accelerated growth” for both parties. Origis president Guy Vanderhaegen said the two partners had ambitions to develop and own projects across the entire US.