Alta Energy, an independent solar analytics and procurement company, and Sol Systems, a boutique financial services firm, have formed strategic partnership to enable third party financing of solar projects for commercial and industrial (C&I) property owners.
The partnership will enable C&I property owners to access lower energy prices through long-term Power Purchase Agreement (PPA) contracts, reducing their operational costs as well as helping them to achieve their corporate sustainability goals.
As an objective third party, Alta Energy helps owners of retail, industrial and office buildings evaluate the business case for solar using a consistent, comprehensive model, and then monitor market and policy conditions for the best solar deployment opportunities.
Sol Systems’ economic analysis, underwriting, and financing skills make them the perfect partner in the company’s efforts to service its C&I property owner clients and help them achieve their operational cost savings and sustainability goals, said Alta Energy VP of Business Development, Howard Lee.
George Ashton, CFO of Sol Systems, said, “Alta Energy is a trusted and objective third party advisor to C&I property owners. After determining the best sites for solar, Alta Energy is also able to maximize the economics of the project for C&I property owners through their own engineering expertise and the use of their vendor marketplace.”
“The combination of our due diligence and project financing expertise along with Alta Energy’s marketplace, expertise in identifying qualified site hosts and ability to work closely with site hosts on key project development tasks will create a strong value proposition for C&I property owners,” Ashton added.