Sol Systems today announced its plan to deploy over $200 million into the solar asset class, to finance at least 150MW of projects.
"Complexities of commercial and small-utility scale solar create an asset class that is unquestionably challenging, which we embrace," noted Yuri Horwitz, CEO of Sol Systems. "Our team has created efficiencies and standardization to deliver an attractive financial product to our institutional and corporate investors, and a portfolio of unique financing products for the solar industry."
The company has spent the last year building its team, expanding by over 75%, to appropriately focus on the commercial-scale market. Sol Systems opened an office in San Francisco in January, has expanded its presence in Pennsylvania and New Jersey, and will expand into New England mid-year.