Sol Systems Takes Aim at Commercial-Scale
Will Deploy $200+ Million in 2015
WASHINGTON, Jan. 27, 2015 -- Sol Systems today announced its plan to deploy over $200 million into the solar asset class, to finance at least 150MW of projects. The year has started with a bang for the firm, which is now deploying over $100 million in capital to finance over 100MW of commercial-scale and small utility projects in the 200kW to 5MW range.
More Headlines
- Natural Power supports Network Rail's landmark Bloy's Grove solar project
- The Uses of Ultra High Purity Gas Valves and Gas Cabinets in Photovoltaic and Solar Panel Manufacturing
- Stabilizing the Electric Grid Siemens, DEPCOM Power and local utility come together to provide affordable, efficient renewable power
- Turning up the heat on grid reliability: How FLIR thermal vision is protecting a quarter of Ireland's electricity grid from cascade failure blackouts
- Breakthrough GameChange Solar Terrain Following System Dramatically Reduces Grading
"Complexities of commercial and small-utility scale solar create an asset class that is unquestionably challenging, which we embrace," noted Yuri Horwitz, CEO of Sol Systems. "Our team has created efficiencies and standardization to deliver an attractive financial product to our institutional and corporate investors, and a portfolio of unique financing products for the solar industry."
The company has spent the last year building its team, expanding by over 75%, to appropriately focus on the commercial-scale market. Sol Systems opened an office in San Francisco in January, has expanded its presence in Pennsylvania and New Jersey, and will expand into New England mid-year. The company has also built out its investor team with the recent hire of Jerry Stalun, formerly of EIG, as a Senior Director of Investments, and Katie Janik, formerly of the Department of Energy, as Senior Director of Asset Management.
In 2014, Sol Systems financed over 85MW of solar energy projects in the commercial and small utility-scale sector. To date, the firm has facilitated financing for 180MW of solar energy assets across the U.S. with projects located on everything from churches, schools, and grocery stores to major retailers and ground-mount utility farms. It also manages 54MW of solar assets through its solar renewable energy credit (SREC) services.
About Sol Systems
Sol Systems is a solar energy finance and investment firm. The company has facilitated financing for 180MW 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 range from tax structured investments and project acquisition, to debt financing and SREC portfolio management. Inc. Magazine named Sol Systems on its annual Inc. 500 list of the nation's fastest-growing private companies for a second consecutive year, ranking it No. 6 in the nation's top solar companies in 2014. For more information, please visit www.solsystemscompany.com.
Featured Product
Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production
In order to reduce the costs involved in the energy-intensive production of cement, many manufacturers are turning to refuse-derived fuels (RDF), considerably reducing the proportion of expensive primary fuels they would normally use. Solid fuels are being increasingly used - these might be used tyres, waste wood or mixtures of plastics, paper, composite materials and textiles. Vecoplan provides operators of cement plants with proven and robust components for conveying the material and separating iron and impurities, efficient receiving stations, storage systems and, of course, efficient shredders for an output in various qualities.
