Pardee Renewable Energy LLC Invests $15.2 Million in Virginia Solar PV Systems

Reuters07-29

Pardee Renewable Energy LLC Invests $15.2 Million in Virginia Solar PV Systems

Pardee Renewable Energy LLC, a subsidiary of Pardee Resources Company, has announced a significant investment in renewable energy. The company has agreed to invest $15.2 million for a 90% equity interest in four renewable energy partnerships. These partnerships plan to install solar photovoltaic (PV) systems with a combined capacity of 4.6 MW on the rooftops of nine public schools in Roanoke, Virginia. The investment will be partially financed by $8.3 million in commercial bank loans at the partnership level and qualifies for federal investment tax credits. The solar PV systems are expected to be operational by the fourth quarter of 2025. Pardee Renewable Energy LLC is collaborating with Secure Solar Futures, a Virginia-based solar developer, on this project, which will enhance the company's Alternative Energy Division portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pardee Resources Co. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH38847) on July 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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