WASHINGTON, D.C. – March 8, 2016 – Solar energy finance and investment firm Sol Systems has announced a strategic partnership with Sempra U.S. Gas & Power, a leading developer of renewable energy and natural gas solutions. Together, the companies will jointly explore distributed generation investment opportunities in companies and projects throughout the United States. The partnership will deliver a unified platform for the development and financing of customer-facing solar and storage solutions for clients, including on-site and off-site projects.
“Sol’s partnership with Sempra U.S. Gas & Power reflects a new trend and turning point for distributed generation technologies,” said Yuri Horwitz, chief executive officer of Sol Systems. “It is a critical step in achieving our goal to pave the way for corporations, municipalities, and non-profits to gain direct access to an emission-free power infrastructure that is resilient, efficient, and secure.”
Under the partnership, Sol Systems will maintain and leverage its core business relationships with energy suppliers, banks and corporate clients. Sempra U.S. Gas & Power will leverage its expertise in the development, design, construction and operation of large-scale renewable energy projects. Sempra U.S. Gas & Power has also made a strategic investment in Sol Systems through the partnership.
“We are excited to partner with Sol Systems in the emerging distributed generation space as we continue to diversify and expand our renewables portfolio,” said Kevin Sagara, president, renewables, for Sempra U.S. Gas & Power. “We’re looking forward to collaborating with Sol Systems to help meet the growing demand for cleaner sources of energy.”
Terms of the partnership were not disclosed.
About Sol Systems
Sol Systems is a solar energy finance and investment firm. The company has facilitated financing for over 400MW of solar projects on behalf of Fortune 100 corporations, insurance companies, utilities, banks, family offices, and individuals. Sol Systems provides secure, sustainable investment opportunities to investor clients, and sophisticated project financing solutions to developers. The company’s tailored financial services include tax structured investments, project acquisition, and SREC portfolio management. Inc. Magazine named Sol Systems on its annual Inc. 5000 list of the nation’s fastest-growing private companies for a third consecutive year. For more information, please visit www.solsystems.com.
About Sempra U.S. Gas & Power
Sempra U.S. Gas & Power, LLC is a leading developer of renewable energy and natural gas solutions with power plants that generate enough electricity for nearly 600,000 homes. Sempra U.S. Gas & Power companies also operate natural gas storage facilities, pipelines and distribution utilities. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company with 2015 revenues of $10 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million consumers worldwide. For more information, visit www.SempraUSGP.com.
Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not the same companies as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
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