Sol System and Nationwide targets to acquire and develop 330 MW PV capacity in the USA
Post date: 13/02/2018 - 20:46
US solar asset manager and developer Sol Systems LLC, and financial services and property and casualty company Nationwide, launched a joint venture called Helios Infrastructure Fund. Helios’ initial objective is to acquire, develop, build, and own over 330 MW of utility and commercial solar assets throughout the United States in the next 12 months, with an aim to expand the platform thereafter.
According to the company, since 2012 Nationwide and Sol Systems have financed over $700 million of solar projects throughout the United States to date. The portfolio is primarily composed of distributed utility assets selling energy to municipal customers, universities, and utilities. In 2018, Helios will leverage the origination, underwriting and asset management resources the two partners have established.