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AIG sells stake in Spain-based solar

Posted by Adam Sewall In Thursday, March 19 2009 under: AIG, 35 megawatts, international solar, Spain, Commercial Solar, solar

While AIG chief Edward Liddy was taking a pounding from the House Financial Services Committee, AIG Financial Products Corp. (AIGFP), an AIG company, announced on Wednesday its sale of its interests in three solar PV plants in Spain. The three plants -- operated variously by City Solar, Proener and SunPower -- represent a combined 35 megawatts (mW) of capacity. According to AIGFP Cheif Operating Officer Gerry Pasciucco, the move "continues AIGFP’s ongoing program of investment portfolio dispositions, further reducing its overall risk profile.”

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