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Fotowatio’s new venture arm raises new fund for US solar projects

August 4, 2009

Renewable Ventures, the newly-acquired US venture arm of Spanish solar developer Fotwatio, has raised approximately $200 M for a new fund dedicated to US solar projects. This fund will likely benefit from US government incentives, and, because of its combination of debt and equity, will probably attract interest from public sector customers. With this acquisition, Fotowatio has increased its already strong presence in the US — Spanish companies, take note!

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