Green Solar Finance secures capital for solar company SunDurance Energy
5th February 2010
US-based solar financier Green Solar Finance has been awarded a professional services agreement by SunDurance Energy to assist the company in securing project financing for its solar clients.
Green Solar Finance said it will develop a project finance programme for SunDurance Energy to offer clients a favourable cost of capital from selected capital sources and SunDurance Energy will provide more compelling project financing options to clients by establishing long term relationships with financing sources. The firm said the objective of the partnership is to integrate the financing process into the designing and building of solar power solutions.
‘We are pleased to partner with Green Solar Finance to enhance our customer service offering with real time pricing and structuring,’ said Al Bucknam, CEO of SunDurance Energy. ‘Green Solar Finance will provide the project finance expertise to accelerate the growth of our company by adding this strategic element to our core business of developing, designing, building and operating solar power solutions.’
David McGann, CEO of Green Solar Finance said ‘SunDurance Energy‘s deal flow and megawatt-scale focus provide a perfect platform for Green Solar Finance to implement our finance capabilities and bring projects to a successful close.’
Based in Connecticut, US, Green Solar Finance is a financing partner to providers of solar energy solutions founded by veteran investment banker David McGann.
An affiliate of infrastructure group The Conti Group, SunDurance Energy offers full in-house design and project execution capability, deep experience, high bonding capacity, and rigorous value engineering processes.
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