Sol Systems Closes Funding For 1.2 MW Solar Project For Maryland Nonprofit

Posted by SI Staff on October 31, 2013 No Comments
Categories : Projects & Contracts

Sol Systems has closed financing for a 1.2 MW solar project in Maryland in partnership with its investor client, Washington Gas Energy Systems, which will own and operate the system. Building Energy will provide construction services.

Located at Presbyterian Senior Living Services in Glen Arm, the system will provide electricity under a long-term power purchase agreement. Sol Systems says it engaged its network of institutional investors, structured the transaction and secured a multi-year solar renewable energy credit contract to finance the deal.

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