Sol Systems, a solar finance firm, has entered into a strategic alliance with Seminole Financial Services, a construction debt provider.
Sol Systems says it has adapted its secure web-based project acquisition form and data room in order to streamline Seminole's underwriting process for renewable energy project construction debt.
‘One gap in the financing stack has been readily available construction debt for distributed generation,’ says Yuri Horwitz, CEO of Sol Systems. ‘Seminole fills that void, providing developers with much needed financial solutions.’
Through the alliance, solar developers can easily apply for Seminole construction debt utilizing the tool developed specifically for Seminole, as well as source other types of financing – such as equity and tax equity – through Sol Systems' additional SolMarket investors, Sol Systems says.