Hannon Armstrong Sustainable Infrastructure Capital (HASI) and Sol Systems have teamed up to provide funding of up to $100m to developers and owners of distributed solar projects.
Through their transactional expertise in distributed solar, the parties will jointly originate, structure and fund the projects.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The partnership will cater to solar developers and owners by providing streamlined, standardized documentation, predictability in execution, smaller loan size requirements, lower transaction costs, as well as flexible terms and tenors.
HASI president and CEO Jeffrey Eckel said, "Expanding our relationship with Sol Systems to include the origination and structuring of new debt financing opportunities for distributed solar developers is another step towards building a broad market position.
"We believe this new offering will provide the distributed solar industry with a flexible source of capital for portfolios of smaller projects, along with the skilled staff needed to transact at scale, with speed."
Sol Systems CEO Yuri Horwitz said, "The lack of financing for mid-sized distributed generation has been a critical barrier to the solar industry’s continued growth."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHeadquartered in Annapolis, Maryland, HASI provides debt and equity investments to sustainable infrastructure projects. Since 2000, the company has financed more than $4.5bn of energy efficiency, clean energy and other sustainable infrastructure projects.
Established in 2008, Sol Systems caters to solar financing needs, including tax structured investments, capital placement, debt financing, and SREC portfolio management.
