Alta Energy and Sol Systems have partnered to enable efficient third party financing of solar projects for commercial and industrial (C&I) property owners.
The strategic partnership integrates Alta Energy’s site analysis and renewable energy marketplace and Sol Systems’ due diligence and project financing expertise.
The synergy will allow C&I property owners to access lower energy prices under long-term power purchase agreements, reduce their operational costs and help them achieve their corporate sustainability goals.
Alta Energy vice president of business development Howard Lee said Sol Systems has expertise in project financing and structuring of solar project investments and brings such experience to for both developers and investors.
“Their economic analysis, underwriting, and financing skills make them the perfect partner in our efforts to service our C&I property owner clients and help them achieve their operational cost savings and sustainability goals,” added Lee.
Sol Systems CFO George Ashton said Alta Energy is a third party advisor to C&I property owners and can maximize the economics of the project for them through its engineering expertise and the use of vendor marketplace after determining the best sites for solar.
“The combination of our due diligence and project financing expertise along with Alta Energy’s marketplace, expertise in identifying qualified site hosts and ability to work closely with site hosts on key project development tasks will create a strong value proposition for C&I property owners,” added Ashton.