Sol Systems recently launched a $100 million debt fund and is currently conducting diligence on projects to fill the fund. Solar developers with projects in need of construction and term debt financing should contact the Sol Systems project finance team immediately.
Ideal projects range in size from 750 kW – 20 MW and have an investment-grade off-take contract agreement in place; however, consideration will also be given to other projects, including projects with strong non-investment grade credit, if a developer has extensive project pipeline or if the projects show exemplary returns.
The $100 million solar debt fund addresses financing limitations for commercial and industrial solar projects. It offers both construction and term loans and distinguishes itself from other loan products with its minimum loan requirements and flexible terms. Loans may be as small as $1 million and sometimes smaller, depending on the opportunity, with tenors as long as 18 years on term loans.
“The absence of project level debt for distributed solar is a constraining factor in lowering the overall cost of capital in commercial solar projects,” said George Ashton, CFO of Sol Systems. “Sol Systems is proud to offer this product to the market as a tool to use in making commercial solar investing more efficient and available.”
Solar developers interested in debt financing should contact Sol Systems’ project finance team at firstname.lastname@example.org or 888-235-1538 x2 to discuss this opportunity. In addition to debt financing, Sol Systems provides developers with take-out financing, tax equity placement, and solar renewable energy credit portfolio management.
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 facilitated financing for thousands of projects and 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.