Global EPC, Developer and Solar Asset Owner, Enerparc, Chooses Mercatus to Scale North American Growth Strategy
Mercatus cuts diligence costs and time by 50% for one of world's top solar developers
SAN FRANCISCO, July 10, 2013 /PRNewswire/ -- Intersolar North America 2013 – Mercatus, Inc., a provider of Origination and Syndication Management for energy investors, today announced it will serve as one of the North American project acquisition platforms for the Enerparc Group ("Enerparc"), an internationally oriented and dynamically growing provider of solar power plant installation and operation services, who continues to scale its North American market through its subsidiary, Enerparc, Inc. Rated as Germany's top EPC (Engineering Procurement Construction) contractor, and 6th in the world in 2012, Enerparc has designed and built over 930 megawatts of systems worldwide since 2009. As an IPP (Independent Power Producer) and O&M (Operation and Maintenance) service provider, Enerparc owns 440 megawatts of operating assets, and manages 490 megawatts.
After establishing clear market dominance in Europe, Enerparc is now leading the charge for international solar developers looking to enter the North American market. Yet, unlike in Europe where the majority of projects share similar attributes, the project landscape in the U.S. ranges dramatically in size and geography, with fluid federal, state and local incentives and policies.
"As one of the world's largest solar project developers, we see the emergence of a wide variety of disparate North American projects as both promising and challenging," said Florent Abadie, CEO of Enerparc, Inc. "The promise is continued growth, but the challenge is speed: how to quickly identify and increase quality acquisition or investment opportunities. In order to enter the North American market and execute on our goals, we needed a partner like Mercatus—with domain expertise akin to ours in other countries—that could increase our speed in pricing attractive projects competitively, while at the same time acting as a workforce multiplier to optimize operational costs and headcounts. Our project diligence cost and time is half what it was before Mercatus."
"For companies like Enerparc, speed and efficiency are key," said Haresh Patel, CEO of Mercatus. "Our platform can accelerate successful market entry, providing much needed transparency and improved project finance certainty with new channel partners."
Based on four years of due diligence and transactions with 40 of the top global financial organizations, Mercatus' standardized project appraisal—a FICO-like score—accelerates investor decision-making and reduces diligence inefficiencies.
About Enerparc:
Enerparc is a global expert for large-scale photovoltaic (PV) systems. The company has connected over 930 megawatts of capacity to electricity grids.
Enerparc is leveraging its experience in engineering, constructing large-scale solar systems and operating its own solar assets to satisfy investor's expectations at the project level.
Enerparc Inc. is based in San Francisco, California, and actively involved in projects across the United States.
About Mercatus
Mercatus is a leading solutions provider for the energy project finance industry, offering Origination and Syndication Management for investors looking to making asset-class portfolio decisions. Answering the call for deal standardization, Mercatus has introduced the energy industry's first FICO like score with each project's risk and reward score. Mercatus's new standardized approach to the appraisal, aggregation and syndication of individual projects provides the critical transaction interface the buy and sell sides have been waiting for. Please visit us at www.gomercatus.com.
Contact Mercatus:
415-601-9645
[email protected]
www.gomercatus.com
Contact Enerparc Inc.:
415-426-5655
info [at] enerparc.us
www.enerparc.us
SOURCE Mercatus, Inc.
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