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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sol Systems Finances 227 KW Washington D.C. Solar Project At KIPP School Through Partnership With Washington Gas Energy Systems





WASHINGTON, Oct. 8, 2013 /PRNewswire/ -- Sol Systems is proud to announce that it has facilitated financing for a 227 kW solar energy system at the KIPP Charter School, a non-profit in the Anacostia neighborhood of Washington, D.C. Volt Energy developed the project and Sol Systems structured the transaction and financed the project on behalf of its investment client, Washington Gas Energy Systems (WGES).

Sol Systems, Volt, and WGES are headquartered in the Washington, D.C. area, which has one of the most attractive solar markets in the country thanks to strong solar legislation and a robust solar renewable energy credit (SREC) market. To finance the KIPP system, Sol Systems provided an SREC contract for the project and then packaged it into a portfolio of other mid-sized commercial solar projects in Maryland, Hawaii, and California for its investor client, Washington Gas Energy Systems. 

"We've worked with Sol Systems on SRECs over the years. They have a great reputation, so it was natural to work with them again for this opportunity," said Gilbert Campbell, Volt Energy's co-owner and Director of Business Development. "They swiftly conducted due diligence and secured a financing partner to meet our timeline."

"We are proud to work with local partners, Volt Energy and Washington Gas, to bring innovative solar energy solutions to the District," said George Ashton CFO of Sol Systems. "This partnership is good for D.C., the environment, and for the students at the KIPP School.  Through this partnership, we helped the KIPP School achieve electricity savings while providing a renewable energy educational opportunity to its students." 

To date, Sol Systems has facilitated financing for nearly 60 MW of solar projects throughout the country, 4 MW of which have been in Washington, D.C.  The firm was also recently listed in Inc.'s exclusive 500|5000 list as the #2 fastest growing company in D.C.

About Sol SystemsSol Systems is a boutique financial services firm that offers investor clients direct access to the renewable energy asset class and provides developers with sophisticated project financing solutions. Founded in 2008, Sol Systems focuses on meeting the most critical needs of the industry, including SREC monetization, capital placement, tax equity, and New Market Tax Credits. To date, the company has arranged financing for thousands of projects and facilitated hundreds of millions in investment on behalf of Fortune 100 companies, private equity, family offices and individuals.

For more information please visit www.solsystemscompany.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs