Sustainable Capital Finance announces its new SCF Suite. The proprietary web-based suite provides the solar industry with a new marketplace dedicated to financing commercial solar projects.
Commercial solar projects can run into problems when seeking financing. Sometimes it’s simply a matter of not providing the right information to investors, since developers and investors may not always speak the same language. So more tools are stepping in to fill the gap. We heard about a new one today.
Solar financing firm Sustainable Capital Finance Inc. (SCF) today announced the launch of the SCF Suite. The proprietary web-based suite provides the solar industry with a new marketplace dedicated to financing commercial solar projects. The SCF integrator network is limited to organizations that meet its experience and financial strength standards.
SCF also announced a fund for projects submitted within the Suite. The fund, which contains $50 million of committed project capital through SCF’s investor network, is earmarked for projects submitted and approved through the Suite.
The same network will provide integrators with expedited financing decisions and investors with multiple investment opportunities.
The SCF Suite allows integrators to streamline the project funding cycle by gathering all information necessary for SCF and its networked investors to analyze a project or portfolio. The Suite properly prices projects to meet economic benchmarks.
SCF’s investor network consists of hedge funds, private equity, utility companies, and other institutional investors. Investors can acquire or invest in projects specific to their unique investment requirements and can form aggregated portfolios consisting of multiple commercial projects, meeting their desired portfolio size. Investors can dedicate less time to reviewing a single project, knowing that an SCF project analyst has previously evaluated the project based on their investment criteria.
Shiraz Madan, CEO and President of SCF, said in a statement, “The SCF Suite is a first of its kind in the solar industry. Efficient and affordable financing has always been the biggest challenge for integrators within the commercial solar space. Our Suite provides an efficient means for integrators to submit and properly price projects in order to obtain financing. A streamlined, standardized approach allows investors to specify project and portfolio requirements, saving them valuable time and ultimately providing them with economically viable projects. The commercial solar space has been vastly underserved; that’s now going to change.”
For now, the Suite is being made available to the SCF integrator network. SCF says it will be providing online access to the Suite for its investor network in the very near future.