Sol Systems, a solar energy finance and investment firm, and Sempra U.S. Gas & Power, a developer of renewable energy and natural gas solutions, have joined forces to jointly explore distributed generation investment opportunities in companies and projects throughout the U.S.
According to both companies, this partnership will offer a cohesive platform for the development and financing of customer-facing solar and storage solutions, including on-site and off-site projects.
Per the agreement, Sol Systems will leverage its core business relationships with energy suppliers, banks and corporate clients while Sempra U.S. Gas & Power will leverage its expertise in the development, design, construction and operation of large-scale renewable energy projects. Sempra U.S. Gas & Power also noted that it made a strategic investment in Sol Systems through the partnership.
“Sol’s partnership with Sempra U.S. Gas & Power reflects a new trend and turning point for distributed generation technologies,” says Yuri Horwitz, CEO of Sol Systems. “It is a critical step in achieving our goal to pave the way for corporations, municipalities and nonprofits to gain direct access to an emission-free power infrastructure that is resilient, efficient and secure.”
Terms of the partnership were not disclosed.