NewEnergyNews More: $100MIL NEW ENERGY LAND GRAB

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    • Monday, March 31, 2014

    $100MIL NEW ENERGY LAND GRAB

    Altus and Macquarie to Finance Land for Wind and Solar Power

    Justin Doom, March 20, 2014 (Bloomberg News)

    “Altus Power America Management LLC, a U.S. renewable-energy investment company, and Macquarie Group Ltd. (MQG) will invest as much as $100 million in a program to buy land that developers will use for large power projects and lease it back to them...Leasing the land will free up more capital for renewable-power systems…Wind and solar projects qualify for federal tax credits that don’t apply to purchases of the land where they’re built…The first land deal may close as early as the second quarter…The nationwide program will target the U.S. West and Southwest…[Altus] started a fund in November to finance commercial solar projects…” click here for more

    click to enlarge

    posted by Herman K. Trabish @ 8:58 AM

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