Sol System, a solar energy finance and investment firm, announced that it has added 153MW of commercial and small utility solar projects since the start of 2015, when the company unveiled a plan to finance 150MW of solar. As Sol System successfully achieved its initial goal, the company further aims to bring the solar deployment up to 400MW during this year.
The commercial and small utility solar segments are expected to grow in 2015 and in 2016, so that Sol System decides to focus on the market segments. The company is listed among the Inc. 5000’s fastest growing private companies for three consecutive year, and has grown its team over 40% since January, 2015. Solar veteran, Saritha Peruri joined Sol System this week as Director of Business Development in the Western Region to lead project origination efforts in Southern California. The new member was hired for the company’s expansion plans further into the commercial and small utility segments of solar, especially in the growing Southern Californian region.
"Saritha brings exceptional acumen in mitigating commercial-scale risk sensitivities and barriers to financing," said Colin Murchie, Senior Director, Project Finance at Sol Systems. "In a region with no shortage of challenges for commercial and small utility-scale distributed generation solar projects, Saritha is just the professional to move deals along successfully."
"Commercial and small utility solar is complex, and this complexity offers opportunity for firms that can execute appropriately," commented Yuri Horwitz, CEO of Sol Systems. "We believe that solving the challenges of this asset class requires a team of exceptional professionals with a relentless focus on efficiency and a profound commitment to partnerships across the country."