US photo voltaic developer Korsail Power has secured a improvement capital dedication from renewables funding fund SolRiver Capital.

The funding will allow Colorado-based Korsail to drive its 2GW of photo voltaic and storage initiatives to completion, in response to the businesses.

Don Buchholz, VP of improvement at Korsail, mentioned the funding will present the developer with the capital to fund the most important improvement bills and company overhead required to succeed with its portfolio.

Collaborating with landowners, utilities and communities, Korsail develops photo voltaic and storage initiatives throughout the US.

“Korsail has a formidable portfolio of high-quality photo voltaic and storage initiatives below improvement in varied markets, that are an amazing match for SolRiver’s funding platform,” mentioned Nick Gazzolo, associate at SolRiver Capital. 

Devoted to financing the acquisition, improvement and development of distributed and utility-scale photo voltaic initiatives, SolRiver presently owns and operates greater than 180MW of PV and storage vegetation within the US.

The funding fund introduced the completion of a 14MW photo voltaic undertaking in South Carolina earlier this month.