US Solar Secures Project Financing Facility from Alliance Fund II
Written By: Stratton Report
June 26, 2017
On June 26, 2017 the United States Solar Corporation announced they had secured a project financing facility from the Alliance Fund II, LP, advised by New Energy Capital Partners. Per the company, the capital will be used to support development of their solar portfolio.
Ian Marcus, Principal at New Energy Capital Partners commented,
”U.S. Solar’s strategy of developing grid interconnected community solar projects aligns with our focus of investing in small-scale, high quality clean energy infrastructure”
According to US Solar, emerging ”community solar” markets will be their main focus. Owners of well-situated project sites and electric customers unable to host a project onsite will have many solar opportunities.
The firm plans to launch a residential pilot program in 2017.