Capital Dynamics and Sol Systems form Joint Venture to address commercial solar market
Post date: 10/07/2019 - 20:40
US solar asset manager and developer Sol Systems LLC, and private asset management firm Capital Dynamics’ Clean Energy Infrastructure (CEI) business have formed a joint venture called »Sol Customer Solutions«. Sol Customer Solutions is a partnership focused on providing large pools of institutional capital direct exposure to the distributed generation (DG) market. Financial details of the transaction were not disclosed.
According to Tim Short, Managing Director at Capital Dynamics, »the large scale DG market is rapidly evolving and this investment is a critical part of our broad focus on this important sector in the market.«
Since 2008, Sol Systems has financed and/or developed over 850 MW of solar assets. Sol Customer Solutions team will remain in Sol Systems' Washington, DC headquarters, and will be managed by Andrew Gilligan, Sol Systems' Vice President. Capital Dynamics Clean Energy Infrastructure team has approximately $5.9 billion of assets under management.