Solarize Energy Announces Financing Vehicle For Small and Medium-sized Portfolios of FIT Projects

23 Mar 2015 4:07 PM | Anonymous

BRANTFORD, ONTARIO - March 23, 2015

Solarize Energy, an end-to-end solar project development and management company in Ontario, announces that it has put in place a financing vehicle that provides non-recourse long-term debt for small and medium sized portfolios. Given the specific challenges of raising appropriate debt financing for smaller rooftop portfolios, this financing vehicle has been set up to accommodate portfolios as small as single projects.

"Our long-term vision is to be a significant player in a robust and dynamic solar industry in Ontario", said Carlos Leite, Co-Founder and Managing Director of Solarize Energy. "With this financing facility, we can now deliver a turnkey solution that is truly end-to-end". Craig Walker, Sales Manager at Solarize Energy, emphasized that "Solarize Energy is now able to bring construction-stage and long-term debt financing as part of its aggregation facility specifically designed to meet all the requirements of the FIT2 and FIT3 contracts." Paul Leikermoser, Business Development Director at Solarize Energy, added that "This financing facility represents an invaluable option for developers, landlords as well as EPC companies who want to ensure that their projects reach commercial operation."

These projects are possible under the government of Ontario's FIT Program with its focus on the development of distributed clean power. By replacing fossil fuels, the clean energy generated by these solar photovoltaic systems will also contribute significantly to efforts to fight climate change. The Solarize value proposition for project developers and owners includes design and engineering, construction and commissioning, project and contract management, as well as operations and maintenance once the projects reach commercial operation.

To learn more about how interested FIT contract holders and EPC companies can take advantage of Solarize's development expertise and financing facility, contact our Sales

Department at 519-304-7012 (office) or 416-575-7012 (cell) for a free, no-obligation consultation, or visit Solarize Energy online at www.solarizeenergy.ca.

About Solarize Energy L.P.

Solarize Energy L.P., based in Brantford, has been established to develop, construct, finance and manage distributed solar energy assets. The management group has a long history in the solar sector and in project management. The in-house team provides expert design and engineering, procurement and construction, as well as commissioning and operations management of solar energy projects. To date, Solarize has constructed over 12 MW of rooftop projects in Ontario, of which we manage and operate just under 10 MW. Currently, we are developing more than 10MW of FIT3 projects. Strategic alliances with leading equipment suppliers and ready access to project financing allows Solarize to offer a "one-stop" shop for those wishing to finance, design, construct and monitor solar systems under the FIT Program.

More information is available at www.solarizeenergy.ca.

MEDIA CONTACT:

Carlos Leite
519.304.7011
cleite@solarizeenergy.ca

SALES CONTACT:

Paul Leikermoser
519.304.7012
Sales@solarizenergy.ca

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