This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RGS Energy And Smart Energy Capital Join Forces To Provide A Comprehensive Solar Financing, Development And Installation Solution

LOUISVILLE, Colo., March 20, 2012 /PRNewswire/ -- RGS Energy, the commercial division of Real Goods Solar, and Smart Energy Capital, today announced the creation of RGS Energy Capital, a unique partnership that will provide a streamlined development, financing and installation process for commercial solar projects.

With current access to more than $150 million in project capital from multiple project funds, RGS Energy Capital is actively marketing solar power purchase agreements (PPAs) nationwide to a wide range of commercial, educational, government and non-profit entities.  The parties have already begun construction on nine projects located in Pennsylvania, New Jersey and Massachusetts which total approximately 4 megawatts, and have a substantial number of other projects under development in additional markets including California, Arizona, Connecticut, Delaware and Maryland.

"Our partnership with Smart Energy Capital will enable commercial and government entities to replace rising and variable utility electric costs with fixed rate, clean, local solar power," said Bill Yearsley, CEO of RGS Energy, the commercial division at Real Goods Solar Inc. "Businesses and institutions now have the opportunity to add thousands or even millions of dollars to their bottom line by locking in rates with zero up front capital."

Through RGS Energy Capital, Smart Energy Capital and RGS Energy are reengineering the process for solar development.  Clients will now have a single source relationship to plan, engineer, finance, construct and manage solar electric systems. This consolidated, single source approach will create certainty of execution while collapsing the time for clients to realize financial savings.

"Smart Energy's mission is to rapidly expand the market for solar by creating and delivering the most efficient capital solutions possible. By combining our financing and development expertise with RGS Energy's engineering, design and construction expertise under a single umbrella, we are able to deliver a complete solution to customers on a national scale," said Rob Krugel, Managing Partner at Smart Energy Capital.

The two companies bring seasoned leadership and deep knowledge of the renewable energy industry. Smart Energy Capital, known for delivering optimal financing solutions for solar energy projects, successfully financed over 40 megawatts of distributed solar projects in 2011, and currently manages a project pipeline in excess of 300 megawatts.  Real Goods Solar and RGS Energy have supported solar development since 1978, engineering and constructing over 13,000 client projects.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs