Building Energy turns to truSolar to screen solar investments

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Building Energy has embraced beEdison software, a truSolar powered services platform for screening the investments on US solar projects.

Building Energy, a global independent power producer, has already invested $8 million with another $20 millio​n committed through trueSolar platform.

beEdison, the first cloud-based software engine powered by truSolar provides an effective tool to help the deployment of more capital into solar assets in the US as well as worldwide.

truSolar is an open-source risk screen that helps to reduce financing costs for commercial solar installations.

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Moreover, truSolar evaluates more than 800 factors affecting a project’s performance and establishes a uniform model to assess non-residential solar projects.

beEdison uses the truSolar uniform risk-screening standard to simplify process by connecting a survey and recommendation engines to risk scores, readiness ratings, document libraries, financial information, a deal room and powerful reporting tools.

Building Energy joins Altus Power in using the beEdison platform. Additional partners will be announced in the coming weeks.

beEdison aims to screen more than 3,000 financed projects by the end of 2016, which would make it the single largest commercial project platform in the marketplace.

Sabeena Wahid