Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Chinese Cars in Europe: Consumer Trust Is Shifting Fast 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
OpenAI Addresses Security Vulnerability in macOS App Certification Process 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Vienna, Virginia, Aug. 24, 2017 -- Franklin Park Investments (Franklin Park) today announced that it has helped lead the acquisition of a 194 MW portfolio of solar power plants on behalf of Sammons Renewable Energy (SRE), a wholly owned subsidiary of Sammons Infrastructure. Franklin Park manages renewable assets on behalf of SRE.
|
|||
As part of the transaction, SRE is acquiring a 36-project portfolio of operating solar power plants with long-term energy contracts from Heelstone Energy. Franklin Park, pursuant to its management agreement with SRE, identified, structured, underwrote, and in conjunction with the SRE team closed the transaction on behalf of SRE. Franklin Park will manage the projects on behalf of SRE.
“Having assisted SRE in the acquisition of 397MWs of operating projects and 42MWs of development stage projects, we are pleased to continue our renewable energy management relationship with Sammons Renewable Energy,” commented Tom Tribone, the Chief Executive Officer for Franklin Park. “Our objective is to partner with top-tier development companies such as Heelstone. We are currently evaluating additional solar, wind and hydroelectric projects for investments and acquisitions.”
Akin Gump Strauss Hauer & Feld provided legal advice and Clean Energy Associates provided engineering advice to SRE as part of the transaction.
About Franklin Park
Franklin Park Investments, http://www.franklinparkinvestments.com, provides energy and infrastructure services in major global markets, including North and South America, Europe and Asia. Franklin Park’s activities include conventional and renewable electricity generation, electric distribution, rail and road transport and supply chain logistics.
Franklin Park Contact
Name: Kevin Lapidus
Phone: 301-500-8660
Email: [email protected]
About Sammons Renewable Energy
Sammons Renewable Energy invests in and develops renewable energy projects in the U.S., Canada, and Mexico. The company identifies solar, wind and hydro related development opportunities over a minimum threshold of $40 million in value. Sammons Renewable Energy is a wholly owned subsidiary of Sammons Infrastructure, a Sammons Enterprises, Inc. company. Assets owned by Sammons Renewable Energy are managed by Franklin Park Investments.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d8c52187-b94a-4680-bd15-63564a3c15c3
Christine Anderson Sammons Enterprises, Inc. 214.210.5064 [email protected]
