Porter Capital Corporation of Birmingham, AL agreed to provide the funds to establish a security deposit which will trigger two additional large investments culminating in a total investment of $240M. These investments represent approximately twenty percent of the total estimated cost of $1.2B to complete construction of project.
Initial funding approved for Green Planet’s pumped storage project
US-based Green Planet Group Inc has completed the first step of funding for its proposed 800MW pumped storage plant near Phoenix, Arizona.