According to published reports, First Reserve is backing the JV with about $150 million in equity, which, when matched by Renovalia and leveraged to bring in additional investment, is expected to create a $1 billion pool from which to invest in on- and offshore wind.
Renovalia currently has about 295 MW of energy capacity in operation, most of it in Spain. Reuters reported projects in the works in Spain, Canada and Romania will soon double that capacity, Reuters said.
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