Infrastructure Fund JLC Buys Up Solar Developer Greenskies

By [email protected] Another community and commercial solar developer goes to an infrastructure fund, with the Monday announcement that U.S.-based JLC Infrastructure has purchased Connecticut’s Greenskies Renewable Energy.

The benefits afforded by the JLC acquisition are threefold, according to Greenskies vice president of marketing Jeff Hintzke: the fund offers lower cost of capital, readily available capital and experience in municipal infrastructure markets where Greenskies sees growth opportunities.

“A large infrastructure fund like this … they have deep pockets,” said Hintzke.

The acquisition comes as further confirmation of a growing trend of infrastructure funds investing in solar.

“Infrastructure funds generally tend to have

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