Austin, TX (PRWEB) January 26, 2011
The Austin Technology Incubator (ATI), a not-for-profit unit of The University of Texas at Austin, announced today that RRE Austin Solar, LLC., joined as a member company of the ATI-Clean Energy Incubator.
RRE is a solar farm developer with plans to build more than 500 MW of solar projects around the United States. With the launch of its first US farm, a 60 MW project in Pflugerville, Texas, the company established its headquarters in Austin.
With the long life expectancy of the Pflugerville farm, RRE decided to come to Central Texas to integrate with the clean-tech community and to identify opportunities to invest in the area’s renewable-energy economy. ATI-Clean Energy co-director Mitch Jacobson met and went to work for the RRE team as soon as they came to Austin, providing significant support to get the Pflugerville project approved for launch and introducing them to local clean-tech entrepreneurs.
“ATI is one major organization RRE can join to integrate well into the Austin community to support clean technology, and solar technology in particular,” said RRE Austin Solar CEO Daven Mehta. “Our membership is recognition of the ATI’s service not only in helping the company integrate within the region, but also in the Incubator’s contribution to the overall community that now exists to facilitate renewable technologies.”
As RRE is self-financed, rather than seeking investor capital the founders are seeking their own investment opportunities. Though they are looking to invest financially, the founding team is also reserving a section of the Pflugerville farm for local clean-tech entrepreneurs to test their technologies.
“Working with the RRE team leading up to their membership has been very rewarding,” said Jacobson. “Establishing themselves in the community through the CEI helped them break ground on their first farm and presented two tremendous assets to the Central-Texas clean-energy economy. Upon completion they will have built the largest-output solar farm on US soil and opened a new door for clean-energy entrepreneurs to test their technologies right here in Central Texas.”