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September 01, 2015 2:22 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of SolarReserve, LLC

Company Overview

SolarReserve, LLC develops utility-scale solar power projects in the United States and internationally. The company engages in electricity generation by solar thermal energy and photovoltaic panels. It deploys development, engineering, finance, project management, operation and maintenance, and product development solutions. SolarReserve, LLC was incorporated in 2007 and is based in Santa Monica, California. It has additional offices in Africa, the Americas, the Asia-Pacific, the Middle East, and Europe.

2425 Olympic Boulevard

Suite 500 East

Santa Monica, CA 90404

United States

Founded in 2007

Phone:

310-315-2200

Fax:

310-315-2201

Key Executives for SolarReserve, LLC

Chief Executive Officer and Director
Chief Financial Officer
Age: 47
Senior Vice President of Operations
Vice President and General Counsel
Senior Vice President of Development
Compensation as of Fiscal Year 2015.

SolarReserve, LLC Key Developments

Chilean Government Grants Environmental Approval to SolarReserve for Developing Solar Projects with Energy Storage

The Chilean government has granted environmental approval to SolarReserve to develop a major solar project with energy storage. The Copiapo Solar Project uses SolarReserve's proprietary solar thermal energy storage technology and is scheduled to reach commercial operation in 2019. It will deliver 260 megawatts of reliable, clean, non-intermittent baseload power 24 hours a day to consumers of the central interconnected system.

SolarReserve, LLC Presents at 12th Renewable Energy Finance Forum 2015, Jun-25-2015 09:30 AM

SolarReserve, LLC Presents at 12th Renewable Energy Finance Forum 2015, Jun-25-2015 09:30 AM. Venue: Grand Hyatt New York, New York, United States. Speakers: Kevin B. Smith, Chief Executive Officer and Director.

SolarReserve, LLC Seeks IDB Loan for 20-MW Solar Park in El Salvador

SolarReserve LLC is asking for USD 21 million (EUR 17 million) in loans from the Inter-American Development Bank (IDB) to build a 20-MW solar plant in El Salvador. The Acajutla Energia Solar I photovoltaic (PV) scheme will require a total investment of USD 53 million, IDB said on its website. According to the lender, SolarReserve aims to secure up to 40% of the project costs through IDB financing and also expects to get up to USD 10 million in concessional financing from the Canadian Climate Fund (C2F). The remaining portion of the needed funds will be provided from other sources of long-term debt and base equity from SolarReserve. The solar park, to be constructed near the City of Acajutla, will be equipped with polycrystalline solar modules and single-axis trackers. Once commissioned, it will be able to produce about 53,000 MWh of electricity annually. The generated power will be sold to seven electricity distribution companies of El Salvador under a 20-year contract signed in July. The scheme is part of SolarReserve's 800-MW pipeline of solar projects in Latin America, which include concentrated solar power (CSP), PV and hybrid installations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 12, 2015
Six Shovel Ready Solar Photovoltaic Projects Totaling 140 Megawatts
Merger/Acquisition
October 27, 2014
Aerojet Rocketdyne, Inc., Concentrating Solar Power Business
 

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