Sol Systems Calls for Solar Projects (50-kW to 2-MW) for Acquisition
A message from Sol Systems:
Sol Systems launches Mid-Market Solution to address financing challenges facing small commercial solar projects. We are actively seeking solar projects 50 kW-2 MW in size for immediate acquisition. This is a fast moving opportunity — our investors are looking to close deals by the end of March 2013.
Solar developers with projects should contact Sol Systems as soon as possible, as funding is limited and projects will be assessed on a first-come basis. Criteria for consideration:
— 50-kW to 2-MW in size
— Rooftop, ground-mount, or carport
— Located in California, Connecticut, D.C., Hawaii, Maryland, Massachusetts, New Mexico, New York or Rhode Island
— Placed in service prior to September 1, 2013
— Rated SREC contracts for D.C., Maryland, and Massachusetts preferred, but not required; Sol Systems’ investors will take on SREC risk
Developers with a proven track record of success that can show demonstrated progress on site control, interconnection, and permitting will be given priority consideration.
“The lack of investment capital for small-scale solar projects is a significant barrier to industry growth,” said Yuri Horwitz, CEO of Sol Systems. “Utility-scale project build-out is slowing, and commercial and industrial projects compose around a third of the market. However, few investors have actually developed the resources or expertise necessary to help catalyze this mid-market space. The industry cannot continue to expand without real solutions, which is why our mid-market initiative is so critical.”
Sol Systems invites developers with solar projects that meet the above criteria to contact our project finance team at info@solmarket.com. A member of our team will provide more details on this opportunity and walk through next steps.
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