John Hancock and Metlife are financing the construction of the largest solar energy plant in Colorado. Constuction will begin this spring with operations expected to begin by the end of the year.
“MetLife recognizes the importance of investing in renewable energy ventures that will have a positive impact on the environment,” said Steve Kandarian, executive vice president and chief investment officer for MetLife. “This project builds upon the more than $1 billion that MetLife has already invested in renewable energy projects. It also demonstrates our commitment to support growth in the solar energy market by making it easier and more affordable for businesses and public entities to benefit from solar electricity.”
“The project finance teams at John Hancock and our parent company, Manulife Financial, have a portfolio of renewable energy financings that includes more than $2 billion of projects in the U.S. and Canada. We look forward to the successful completion of the solar power plant in Alamosa later this year,” said John Anderson, senior managing director and head of John Hancock’s Power and Infrastructure Group.