Sol Systems has adapted its secure web-based project acquisition form and data room to streamline Seminole's underwriting process for renewable energy project construction debt. Sol Systems works with financiers such as Seminole to increase the success rate and tempo for renewable energy projects being developed in the United States.
"One gap in the financing stack has been readily available construction debt for distributed generation," said Yuri Horwitz, CEO of Sol Systems. "Seminole fills that void, providing developers with much needed financial solutions. The Seminole team is one we trust, and we think they bring a tremendous value-add to the industry."
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.
"The SolMarket team has done an excellent job creating a resource that will standardize our processes. This tool will make us more efficient throughout the underwriting process and will help reduce transaction costs," said Chris Diaz, Seminole's Senior Vice President of Renewable Energy.
