MMA New $200M fund - $10/watt?

News on MMA's new fund - http://greenwombat.blogs.fortune.cnn.com/ - stated $200M fund, 20.6MW = approx. $10/watt.. This seems high in relation to the prices we are seeing and what most lenders will fund. Possible developer note/other depreciation or tax credit multiplier?

Using Twitter to Update my Blog

Can't seem to get it together to post more often, so just added Twitter Badge. Will try that!