Sol Systems, Nationwide launch US solar fund targeting 330 MW

Solar panels in Massachusetts, USA. Author: liz west. License: Creative Commons.

February 14 (Renewables Now) - US companies Sol Systems and Nationwide last week launched an infrastructure fund that aims to amass a portfolio of over 330 MW of solar assets across the US in 12 months.

The joint venture, called Helios Infrastructure Fund, will acquire, develop, build and own utility and commercial solar assets. The partners intend to expand the platform after the initial 330-MW objective for the first 12 months.

The move builds on a partnership between the companies that began in 2012. The solar developer and asset manager and the insurance and financial services group have since financed more than USD 700 million (EUR 566m) of solar projects in the US, mainly distributed utility systems that sell electricity to municipal customers, universities and utilities.

The new fund will make use of the origination, underwriting and asset management resources developed by the two companies, Sol Systems said in a statement.

(USD 1 = EUR 0.809)

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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