Strathcona Energy Group secures $250 US Million Financing with 1784 Solar, LLC

Strathcona Energy Group has secured $250 US million in construction financing through 1784 Solar, LLC

Belleville (Ontario), OCTOBER 21, 2015. — Strathcona Energy Group (SEG), a Canadian-based holding company specializing in vertically integrated solutions for the next generation of photovoltaics, announced today that the company has secured $250 US million in construction financing through 1784 Solar, LLC, which is managed by 1784 Capital Holdings


Strathcona has already secured initial expenditure funding to complete the construction and installation of commercial solar projects by SEG's subsidiaries. The interim loans will primarily benefit Strathcona's EPC provider, which has $85 million in commercial and municipal solar projects to be installed over the next 18 months. Funding will also be available for the construction of smart energy systems, renewable energy EPC services, as well as manufacturing support for project-specific delivery.

"As solar reaches the mainstream of energy production and is projected to grow another 30% from last year to almost 8GW installed in the U.S. alone, this is the perfect time to have additional short term capital available for our rapidly expanding company," said Karl Hollett, the CEO of Strathcona Energy Group. "In 1784 Solar, we have found an ideal funding source that thoroughly understands the exponentially growing solar marketplace."

Shane Albers, Chairman and CEO of 1784 Capital Holdings, states, "Strathcona Energy Group has a record of excellence in the energy marketplace. We look forward to funding their continued growth."


About 1784 Capital Holdings
1784 Capital Holdings, LLC, is a multi-platform North American holding company. 1784 Solar, LLC, is managed by 1784 Capital Holdings, which provides construction financing for solar projects in the United States and Canada with a primary focus on commercial and municipal installations.
1784CapitalHoldings.com


About Strathcona Energy Group - Making Energy Together
Founded in 2009, Strathcona Energy Group (SEG) is a highly diversified holding company based in Ontario, Canada, that specializes in providing vertically integrated renewable energy solutions with locations in both Canada and the United States. Its current and wholly-owned participants include Strathcona Solar Initiative (SSI) and Strathcona Energy International (SEI).
StrathconaEnergy.com


Media Contact

Susanne Quinn, Head of Corporate Communications
Email: susanne.quinn@strathconaenergy.com
Phone: +1 (478) 230-3347

###

Featured Product

TRA SNOW AND SUN - SOLAR TILE MOUNT

TRA SNOW AND SUN - SOLAR TILE MOUNT

You haven't installed a tile mount that is easier to install than the Solar Tile Mount manufactured by TRA Snow and Sun. Solar Tile Mount is used on all tile roof profiles: flat, mid, and high. It is made in the USA of aluminum alloy for strength and excellent corrosion resistance. Solar Tile Mount is built to allow more ease in installation with more rise from the tile surface to the rail for better air flow below panels. The adjustable base is longer than most allowing attachment 6" to the left or right to have the bracket in the base of the pan of the tile and still fasten to the rafter. Solar Tile Mount is adjustable for counter batten systems from ¾" to 3". The horizontal rail is directly above base fasteners giving greater uplift resistance than any other system. For superior waterproofing apply TRA Snow and Sun's butyl backed VersaFlash aluminum flashing. No tile flashing is needed on top of the tile for greater labor and material cost savings.