Navisun acquires OSG Solar I project in Massachusetts

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Navisun LLC acquired OSG Solar I LLC, a 2.746-MWdc solar project located in Orange, Mass., that commenced operations in mid-2012. Navisun received financing from Ares Capital Corporation, which will be used to develop, construct, acquire, own, and operate solar projects in the United States.

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“We are excited about the acquisition of OSG Solar,” said Douglas Johnsen, Navisun’s Managing Partner and Co-Founder. “The purchase inaugurates our mission to develop a portfolio of solar projects across the United States.”

“Receiving financing from Ares Capital was a significant milestone for Navisun,” said John Malloy, Navisun’s Managing Partner and Co-Founder. “At a time when it is difficult for a new company to obtain traditional financing, Ares Capital provided a flexible capital solution that allows us to execute our business plan of becoming a market leader in the distributed and small utility scale solar power sector.”

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