SCS Renewables Launches Online Solar Project Financing Platform

Posted by SI Staff on June 26, 2012 No Comments
Categories : Products & Technology

SCS Renewables, a solar finance brokerage, has launched an online brokerage platform for project investors and banks. According to the company, the platform uses key investor criteria to drive the solar development and financing process.

In addition, the platform is designed to increase the sector's closure rates and expand the pool of capital available to finance commercial- and utility-scale solar projects.

SCS says its brokering and scoring platform currently has available funding sources in excess of $2 billion via its current finance partners, as well as 298 MW of solar projects actively seeking finance through its established network of project development entities.

"In the PV industry, the ultimate customer is the bank," says Haresh Patel, CEO of SCS Renewables." Project development processes lack standards and are currently decoupled from the investor's criteria, which results in huge inefficiencies, adds variable cost to solar projects and slows overall market growth."

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