Wunder to offer USD 100m in commercial solar loans via new partnership – Renewables Now

July 14 (Renewables Now) – US fintech company Wunder Capital has formed a new partnership to provide financing for more than USD 100 million (EUR 87.8m) in commercial solar loans.

The alliance is with funds managed by Ares Management Corporation’s (NYSE:ARES) Infrastructure and Power strategy (AIP), Cyrus Capital Partners LP and Keyframe Capital LP. In teaming up with them, Wunder’s proprietary technology platform will offer turnkey pre-NTP (notice to proceed) development capital solutions to select solar installers and developers, the announcement says.

“This joint transaction, hopefully the first of many, will provide much needed financing for commercial solar development activities through this difficult market period, and this partnership will play a pivotal role in driving the growth of the commercial solar market for years to come,” commented Wunder CEO Dave Riess.

At present, Wunder does business in 34 states and has over 300 active solar installation and development partners across the country.

(USD 1.0 = EUR 0.878)

Source: https://renewablesnow.com/news/wunder-to-offer-usd-100m-in-commercial-solar-loans-via-new-partnership-706402/

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