The New York City-based investment fund invests in distributed generation solar projects. The SunLight investment fund received a hybrid term and construction loan for four commercial solar projects, including a school district and a private business in New Jersey, as well as a school district and a municipality inMassachusetts.
Edouard Klehe, one of the managers of the SunLight investment fund, stated:
“Open Energy has proven to be a clear leader in the commercial solar lending space. The innovative online platform, combined with the team’s expertise and first-rate support, has streamlined a complicated process and enabled us to fund several projects that have been in the works for a while. Open Energy has truly opened doors for us and we look forward to working together on future initiatives.”
“Since launching our online application this past fall, we’ve seen an increased demand for loans to finance a range of commercial and industrial solar projects. The market is ready to grow and we’re incredibly excited to provide the capital to help unleash the potential in this sector.”