Deals & Finance

BlueWave Gets US$100 Million Backing From Morgan Stanley for Solar Projects

Morgan Stanley is backing solar developer BlueWave Capital with US$100 million to build more than 25 megawatts of community solar in Massachusetts by the end of 2016.
The backing from Morgan Stanley is the first major financing for BlueWave’s community solar projects in Massachusetts. If successful, the mission-driven solar developer expects to expand the portfolio to other states next year.

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