Today, Sol Systems announced allocations from several investor clients to be devoted to financing distributed generation solar assets. This latest fund is representative of Sol Systems’ efforts to expand the pool of capital available for commercial and industrial (C&I) solar, a typically under-served sector of the solar market.
Sol Systems is actively seeking 2014 project pipeline to fill the fund allocations, and new projects are being considered on a first-come, first-served basis. Ideal opportunities will meet the following metrics:
- Size: 200 kW – 5 MW
- Locations: Arizona, California, Connecticut, New Jersey, New York, or Massachusetts
- Timing: Potential to be closed in Q1 or Q2 of 2014 and placed in service in 2014
Investment grade hosts are not required; upon request, Sol Systems can provide metrics that must be satisfied for hosts without a credit rating. The Sol Systems team may also advise developers on PPA pricing and build costs necessary to satisfy return requirements. Rated SREC contracts for Massachusetts are preferred, but not required; Sol Systems’ investors will take on SREC risk, and Sol Systems may also help the developer in securing an SREC strip.
“The solar industry cannot continue to expand without tackling the financing challenges for commercial and industrial solar,” said Andrew Gilligan, Sol Systems’ Director of Investments. “These new funding solutions are critical, and by aggregating projects into portfolios and standardizing the acquisition process, we are doing what the industry must do to scale.”
Sol Systems invites developers with solar projects that meet the above criteria to reach out to our project finance team at 888-235-1538 x2 or firstname.lastname@example.org. Developers with a proven track record of success that can show demonstrated progress on site control, interconnection, and permitting will be given priority consideration.
About Sol Systems
Sol Systems is a boutique financial services firm that offers investor clients direct access to the solar 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 facilitated 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.