Sol Systems Expands Solar Project Financing Efforts, Welcomes New Additions

WASHINGTON, Aug. 8, 2013 /PRNewswire/ -- Sol Systems is expanding rapidly to accommodate business growth and to maintain its excellent level of customer service. The Washington, D.C. based solar finance firm has brought on five new team members this summer, and plans to expand further in the coming months.

Sol Systems is proud to announce the addition of Ben Margolis as Director of Project Finance.  Mr. Margolis helps to lead Sol Systems' Developer Advisory Services, which provides transaction structuring, project due diligence, SREC monetization, and capital placement for solar developers. He also supports the Asset Management group, handling project development, execution, and operations for Sol Systems' investors. Mr. Margolis joins Sol Systems with seven years of experience in the solar industry. Prior to joining Sol Systems, Mr. Margolis worked at SunEdison, where he managed the development of solar projects from construction to commercial operation in markets ranging from California to Abu Dhabi. Mr. Margolis also worked in business development at SunEdison where his efforts led to $70 million of pipeline opportunities.   Mr. Margolis holds an MBA from University of Virginia's Darden School of Business and a Bachelor of Science in Civil Engineering from the University of Maryland.

Sol Systems is also pleased to welcome Alexandra Mas, who previously worked with a prominent Maryland-based solar installer, and Chris LaClair, a senior developer with ten years of experience in software development. Two other new additions include recent graduates from Georgetown University, Thomas Larson and Victoria Ngare.

"We are proud to welcome such smart, passionate, and energetic talent to our team," said Stephanie Smith, General Counsel and Executive Vice President of Operations of Sol Systems. "With the hard work and creativity of our talented new hires, Sol Systems will continue to create innovative financing solutions to propel the solar industry forward."

In the past six months, Sol Systems has seen tremendous expansion of its project financing services for commercial projects and has established a track record of sourcing tax equity from new solar investors. To date, the company has facilitated financing for 54 megawatts of solar projects in markets across the United States, most recently in Hawaii, California, Indiana, New Mexico, North Carolina, and Maryland.

About Sol Systems

Sol Systems is a boutique financial services firm that offers investor clients direct access to the renewable energy asset class and provides developers with sophisticated project financing solutions. Founded in 2008, Sol Systems focuses on meeting the most critical needs of the industry, including SREC monetization, capital placement, tax equity, and New Market Tax Credits. To date, the company has facilitated financing for thousands of projects and hundreds of millions in investment on behalf of Fortune 100 companies, private equity, family offices and individuals. For more information, please visit www.solsystemscompany.com.

CONTACT: Natacha Kiler, +1-202-588-6455, [email protected]

SOURCE Sol Systems

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