Wednesday, August 15, 2012

JCM Capital Closes Financing on a 50MW Ground-Based Solar Project in South America


TORONTO--(BUSINESS WIRE)--JCM Capital (JCM) announced today that it has closed development financing on a 50 MW ground-based solar project in South America. JCM will co-develop and finance this project through to construction start and will be responsible for arranging long-term financing. The project will operate under one of the few FIT programs in the region and one of the best irradiance levels across the globe.

    “this project is a key part of our corporate strategy to diversify outside of Ontario and grow our business internationally. South America is a region of interest to us considering their need for energy, high irradiance levels and increasing level of political stability.”

JCM’s CFO, Mr. Martin Ritchie, comments, “this project is a key part of our corporate strategy to diversify outside of Ontario and grow our business internationally. South America is a region of interest to us considering their need for energy, high irradiance levels and increasing level of political stability.”

About JCM Capital

JCM Capital focuses on financing and the co-development of renewable energy projects. The company provides renewable energy developers with early-stage development capital and/or equity financing solutions for ‘construction-ready’ and operational projects. Current projects include commercial rooftop portfolios and utility scale ground-based projects. The company is looking to expand its reach through new partnerships and associations.

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