Greentech Energy has a 51% stake while Foresight has 49% stake in the joint venture.
The companies , as part of the agreement, will install 100MW capacity solar PV projects in the first round of investments.
Both companies will jointly explore and evaluate the feasibility of each individual solar PV investment – those currently in operation as well as for projects under development.
Greentech Energy chairman Peter Høstgaard-Jensen said that the company, along with the financial investor as Foresight, will create a strong and relevant US solar investment platform.
"This is a great opportunity for Greentech future as an Independent Power Producer to enter the USA solar PV market through a JV with a so important financial investor as Foresight.
"By entering the USA, which is one of the world most important and attractive renewable energy markets, Greentech will diversify out of Europe which is in line with the strategy of the Company becoming a global Independent Power Producer," added Høstgaard-Jensen.
