By Austin Business Journal

PowerFin Partners LLC disclosed Thursday that it is capable of funding a more than $100 million reserve to invest in commercial- and utility-scale solar energy projects.

Austin-based PowerFin, which manages institutional funds for renewable energy assets, plans to make investments in projects developed in the United States and Canada. The firm plans to enable solar energy-related companies to grow by providing the necessary contracts and engineering for the development and operation of solar facilities, officials said.

PowerFin, which was founded in 2007, is considering investing in projects generating more than two megawatts and for which the permitting is nearly complete. Any single project can cover a minimum 300,000 square feet, spread across as many as four different sites, firm officials said.

PowerFin President and Managing Director Tuan Pham was previously a business development and marketing consultant for Austin-based solar cell maker HelioVolt Corp.

Copyright 2010 American City Business Journals
Copyright 2010