Laguna SOLAR Funds
A total of ten (1) Laguna Solar Funds were formed in early 2010 by Laguna Energy, in partnership with institutional lenders and investment partners. Each fund is expected to initially finance $20 Million of renewable energy Power Purchase Agreements (PPAs), comprised primarily of solar PV, with some portion of the funds to be used to finance wind, solar thermal and geothermal PPAs. After the first phase of $20 Million per fund ($200 Million total) of clean energy projects are constructed, each fund will increase its capacity to a total of $100 Million in project finance.
With approximately $250 Million in funds already raised for 2010, the Laguna Solar Funds are expected to finance a total of $1 Billion worth of commercial (non-residential), creditworthy clean energy PPAs throughout up to 35 states plus Ontario and U.S. territories.
Targeted properties
- 10 kW to 3 MW
- Commercial, industrial, government, non-profit, and utility end-users
- Properties can be owned or leased
- Host customers willing to purchase discounted clean energy on a 20-year agreement
- See our map for list of eligible states
