Have a hot solar energy project in need of funding? Those big grants from the U.S. Department of Energy aren’t the only source of funding for solar. Case in point: PowerFin Partners, LLC, recently announced that it now has the capacity to fund over $100 million worth of commercial and utility-scale solar projects in the US and Canada.
PowerFin, a manager of institutional funds for renewable energy assets, is looking for projects over 2 MW in size and for which the permitting is nearly complete. Any single project can cover a minimum of approximately 300,000 square feet, and can be spread across as many as four different sites. This opportunity is open to companies throughout the “solar value chain”: integrators, developers, equipment providers, and other capital sources. As an added bonus, PowerFin provides all of the necessary contracts and engineering for full execution and operation of the solar-generating facility.
“There is a lot of excitement in the solar industry right now; but, confusion about incentives, power prices, and the value of solar, are holding the industry back,” said Tuan Pham, Managing Director and President of PowerFin, in a statement. “We believe that our experience in valuing energy assets will enable the completion of more bankable solar projects and help open solar markets to more investors and customers. We look forward to providing the institutional infrastructure and investment discipline needed to accelerate the growth of this important industry.” Those interested in this funding opportunity are encouraged to contact PowerFin at firstname.lastname@example.org or visit the “Solar Financing Quote” section of their website.