Main Street Power Company, a financier and owner of distributed solar assets in North America, has adopted the Mercatus project evaluation platform to drive growth in the commercial and industrial solar markets.
Main Street Power Company of Boulder, Colorado, a financier and owner of distributed solar assets in North America, has adopted the Mercatus project evaluation platform to drive growth in the commercial and industrial solar markets.
The platform is used by solar project developers and financiers to evaluate and select viable commercial and industrial solar projects. Its database is currently tracking over 570 unique data points on over 750 active commercial and industrial projects, and incorporates the best practices of due diligence and underwriting practices of the top 50 global financial organizations worldwide, according to Main Street Power.
Amory Host, CEO of Main Street Power, said the company intends to significantly increase its project acquisition capacity in 2014. “By utilizing the Mercatus platform we can better capitalize on the opportunities available in new project origination and acquisition. Mercatus offers our team a standardized and scalable process that we expect to leverage into faster review times and higher closing ratios,” Host said.
Mercatus CEO Haresh Patel added: “Mercatus is the key to scaling up investment in the distributed generation market that Main Street Power and many others are building around the world. Mercatus was designed to add capacity and increase the speed of deal flow and decision making to growing organizations. We are delighted to provide Main Street Power with these advantages in an increasingly competitive market.”