Massachusetts’ Department of Energy Resources (DOER) will be holding a public Solar Stakeholder Meeting this Friday, June 7, 2013 from 10:00am to noon in the Gardner Auditorium of the State House in Boston, where they will present a draft policy proposal for the next solar program. The DOER will also shed some light on how it plans to proceed with the accelerated amount of Statement of Qualification Applications (SQA) it has received as part of the 400 MW program.

Sol Systems team members will attend the DOER's Solar Stakeholder meeting on June 7th in Boston, MA.

Sol Systems team members will attend the DOER’s Solar Stakeholder meeting on June 7th in Boston, MA.

The DOER followed sent an email on Monday, June 3, 2013 stating that a list of projects that have sought qualification for the 400 MW program is now posted on the DOER’s website. This list includes a breakdown of qualified projects or administratively complete applications that are considered to be within the 400 MW cap program, and a queue of projects that are beyond the 400 MW cap. A number of projects that are well into construction, financing, and other economic commitments may be at risk of not qualifying for the first program. With this in mind, the DOER intends to maintain a healthy and confident solar market as the transition to the next (post-400 MW) policy program begins. In order to do so, the DOER plans to file an emergency regulation sometime this month. More details will be provided on this emergency regulation at the Stakeholder Meeting on Friday.

Sol Systems will be attending this meeting and welcomes any developer or installers to contact finance@solsystemscompany.com to set up a meeting. Please provide us with information on your company and times you may be available that afternoon. We will then put you in touch with the appropriate Sol Systems team member for you to meet with.

About Sol Systems

Sol Systems is a boutique financial services firm that offers investor clients direct access to the renewable energy asset class and provides developers with sophisticated project financing solutions. Founded in 2008, Sol Systems focuses on meeting the most critical needs of the industry, including SREC monetization, capital placement, tax equity, and New Market Tax Credits. To date, the company has arranged financing for thousands of projects and facilitated hundreds of millions in investment on behalf of Fortune 100 companies, private equity, family offices and individuals.

For more information, please visit www.solsystemscompany.com.

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