After financing 60 projects totaling 85MW in 2014, and commencing deployment of an initial $100 million in capital commitments for 2015, Sol Systems has added five new positions, opened its California office, and expanded the team in the northeast.
“Increasingly our developer partners are finding that each time they come back to work with us, it gets easier and more efficient to close a deal,” said George Ashton, CFO of Sol Systems. “We are building out our shop to support that repeat business, and also manage rapidly growing capital allocations from our institutional and corporate investor clients.”
Chief Operating Officer, Stephanie Smith, will lead the firm’s west coast expansion, and has relocated to California. On January 5th, she opened the firm’s San Francisco office where she will be based.
Carl Jackson will spearhead growth in the northeast as Sol Systems’ new Director, Project Finance based in Philadelphia. While the firm has been actively financing projects in the Massachusetts, New York, Connecticut, and New Jersey markets, increasing demand in the region has driven expansion of the firm’s team. Mr. Jackson comes to Sol Systems with a background in solar project and business development, including 10 years in sales and business development, as well as institutional financial management and energy trading for Morgan Stanley Smith Barney. Mr. Jackson earned his BS in Business Logistics and Finance from Penn State University.
Katie Janik will build out the firm’s asset management practice in the Washington, D.C. headquarters as its new Senior Director, Asset Management. In this role, she will manage Sol Systems’ PV portfolio and lead efforts to maximize the value of commercial assets, overseeing the performance, operations, and financial results of new and existing assets. Ms. Janik joins Sol Systems from the Department of Energy (DOE). During her career at DOE, she managed portfolio reporting for the billion dollar renewable energy loan portfolio, and led the development and implementation of internal systems to monitor performing and distressed assets. Additionally, her background includes debt restructuring, credit and risk management, asset monitoring, credit underwriting, and relationship management. Ms. Janik earned her BA degree in Government and Politics with a minor in Economics from the University of Maryland, and her MBA from George Washington University.
The firm also created three new back office positions to support additional marketing and technology needs.
About Sol Systems
Sol Systems is a solar energy finance and investment firm. The company has facilitated financing for 171MW of distributed generation solar projects on behalf of Fortune 100 corporations, insurance companies, utilities, banks, family offices, and individuals. Sol Systems has $550 million in assets under management as of December 2014. Sol Systems provides secure, sustainable investment opportunities to investor clients, and sophisticated project financing solutions to developers. The company’s tailored financial services range from tax structured investments and project acquisition, to debt financing and SREC portfolio management. For more information, please visit www.solsystemscompany.com.