Currently, green energy possibilities in Romania correspond to a high renewable energy potential.
Orlando, FL (PRWEB) September 30, 2011
Capital Corp Merchant Banking has entered into a $80 million funding agreement with a renewable energy company from Romania. The project, located in the southeast area of the country, comes at the right time as Romania is keen on developing renewable energy sources within its borders.
The funding agreement Mr Herard designed is based on 100% debenture. The project consists of starting with an initial facility that will produce 60 MW and eventually bring the facility to full capacity, for a total of 120 MW. The technology to be used will consist of pre-integrated photovoltaic (PIPV) solar modules, which are ready-to-install kits that require no use of tools or electrical connections for setup. These modules allow high levels of flexibility and scalability according to clients’ needs, from kW range to multi-MW scales. PIPV modules are also environmentally friendly as they are made from non-polluting and easily recycled materials.
The Client is a designer, developer, manufacturer, and distributor of this modular technology and aims to achieve and maintain a market leading position in the PIPV market.
Only a short time ago, PV panels were still expensive but as time goes on and as the technology develops and becomes more widespread, the costs have decreased. Moreover, the PV production technology is in continuous development, leading to decreased power generation costs, which in turns will allow grid parity to become achievable in the coming years.
2010 and 2011 have been widely regarded as milestone years for the development of the green energy market in Romania. In fact, wind and solar maps show that there is hardly any region in Romania that would not fit to environmentally friendly energy production. The extensive renewable energy production potential of the country is due to its marine climate and southern location in Europe. Currently, green energy possibilities in Romania correspond to a high renewable energy potential, mostly underutilized, which makes Romania an attractive location for green energy investors, developers, and operators looking for alternative markets outside the conventional Western European countries, according to ENREG ENERGIA REGENERABILA. Photovoltaic projects are particularly interesting in southeast Romania where irradiation can reach a level of 1650 kWh/m2.
The method by which this project is to be funded is the brainchild of Mr Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. He worked early in his career at the Toronto Dominion Bank (Canada) and later on joined Manufacturer Hanover (MH) of New York as Senior Credit Analyst. He eventually created his own Firm, Capital Corp Merchant Banking, where he syndicates and structures funding for top companies worldwide, all the while investing his own firm’s funds into the projects. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Register’s Who’s Who, and having received the Senatorial Medal of Freedom, among many others.
About Capital Corp Merchant Banking:
Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website.
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