The Washington Business Journal recently featured our financing partnership with Washington Gas Energy Systems, Inc. on three new solar projects in Hawaii, Maryland, and Sol Systems’ hometown, Washington, D.C. Sol Systems served as an investment advisor to Washington Gas Energy Systems for these projects, assisting in project origination, due diligence, negotiation, and deal structuring before ultimately guiding these projects to financial close.
Washington Gas Energy Systems will build, own and operate three more new solar projects, at the KIPP School in the District, Presbyterian Senior Living Services in Glen Arm, Md. and the Turtle Bay Resort in Oahu, Hawaii.
The projects will come online under 20-year power purchase agreements. Sol Systems is Washington Gas Energy Systems’ investment advisor, lining up third party financing.
The cost of the projects was not disclosed.
KIPP School will get a 227-kilowatt roof array. Presbyterian Senior Living Services will have a 1,320- kilowatt ground-mounted system, and Turtle Bay Resort will have a 402-kilowatt roof mounted system.
Read the full article from the Washington Business Journal here.
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.