Solar energy finance and investment firm Sol Systems is set to deploy over US$200 million in capital to finance at least 150MW of projects.
Yuri Horwitz, CEO of Sol Systems, said: “Complexities of commercial and small-utility scale solar create an asset class that is unquestionably challenging, which we embrace. Our team has created efficiencies and standardisation to deliver an attractive financial product to our institutional and corporate investors, and a portfolio of unique financing products for the solar industry.”
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2015 has already been a fruitful year for Sol Systems, as the company is already issuing over US$100 million to fund 100MW of commercial and utility-scale projects.
Over the past year, Sol Systems has expanded by over 75% in order to make its move into the commercial-scale sector. The company opened an office in San Francisco this January, branched out to Pennsylvania and New Jersey, and is expected to make inlays into New England later this year.
In 2014, Sol Systems financed over 85MW of projects in the commercial and utility-scale sector. At this time, the company has financed 180MW of solar projects across the US.