Since 2008, Sol Systems has financed and / or developed over 850MW of PV assets. Image: Sol Systems.
The Clean Energy Infrastructure (CEI) arm of independent global private asset management firm Capital Dynamics has formed a joint venture with solar finance and development company Sol Systems.
The JV, Sol Customer Solutions, is a partnership that will look to invest large portions of institutional capital into the distributed generation sector. Financial details of the transaction were not disclosed.
Tim Short, managing director at Capital Dynamics, said: "We are excited to partner with Sol Systems to acquire a significant portfolio of DG projects while working alongside a premier development platform in the space. The large scale DG market is rapidly evolving and this investment is a critical part of our broad focus on this important sector in the market. We are confident Sol Customer Solutions is well positioned to serve this expanding customer base."
Since 2008, Sol Systems has financed and / or developed over 850MW of PV assets. Sol Customer Solutions team will remain in Sol Systems' Washington, DC headquarters, and will be managed by Andrew Gilligan, Sol Systems' Vice President.
Gilligan said: "Sol has strategically built and grown its solar development business over time based on a commitment to and reputation for excellence. This partnership enables Sol Customer Solutions to accelerate its growth as one of the preeminent players in the industry, and expand the deployment of DG solar throughout the United States."
Jun 15 - Jun 16, 2021
Looking at the drivers and dynamics of utility scale solar in the UK & Ireland over the next five years. This event will consider the immediate challenges as we enter the build phase in both these markets where we could see as much as 4GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in both markets?Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
Feb 03 - Feb 04, 2021
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.