Solar energy finance and investment firm Sol Systems has announced a strategic partnership with Sempra U.S. Gas & Power, a developer of renewable energy and natural gas solutions. Together, the companies will jointly explore distributed generation investment opportunities in companies and projects throughout the United States. The partnership will deliver a unified platform for the development and financing of customer-facing solar and storage solutions for clients, including on-site and off-site projects.
"Sol's partnership with Sempra U.S. Gas & Power reflects a new trend and turning point for distributed generation technologies," said Yuri Horwitz, chief executive officer of Sol Systems. "It is a critical step in achieving our goal to pave the way for corporations, municipalities, and non-profits to gain direct access to an emission-free power infrastructure that is resilient, efficient, and secure."
Under the partnership, Sol Systems will maintain and leverage its core business relationships with energy suppliers, banks and corporate clients. 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 has also made a strategic investment in Sol Systems through the partnership.
"We are excited to partner with Sol Systems in the emerging distributed generation space as we continue to diversify and expand our renewables portfolio," said Kevin Sagara, president, renewables, for Sempra U.S. Gas & Power. "We're looking forward to collaborating with Sol Systems to help meet the growing demand for cleaner sources of energy."
Terms of the partnership were not disclosed.