ROHSTOFF INTERNATIONAL

14:00 | 08.02.2018
Solar Developer Renewable Properties Secures $12.5 Million in Funding From New Energy Capital Partners

Renewable
Properties, a team of experienced renewable energy professionals
with development and investment capabilities throughout the U.S., today
announced the closing of a new $12.5 million capital commitment from New
Energy Capital Partners to develop, finance, and operate solar
energy projects for utilities, local governments and large commercial
entities.

“I am tremendously excited to have closed this round of financing with
New Energy Capital. They are an experienced investor with a strong
renewable energy track record. Their capital will allow us to get more
solar on the grid and create more jobs in 2018,” says Aaron Halimi,
Founder and President of Renewable Properties.

Patrick Fox, Managing Partner of New Energy Capital says, “The Renewable
Properties team understands key market drivers and has identified viable
investment opportunities throughout the U.S. We’re pleased to have the
opportunity to support them going forward.”

Capital from the closing will be used by Renewable Properties to fund
corporate and operating expenses, as well as, project-specific expenses
including project acquisitions and development related activities like
securing land, interconnection applications and studies, permitting,
environmental studies and reviews.

Renewable Properties has a rapidly growing pipeline of utility solar
projects located throughout the U.S. and plans to bring approximately 75
MW DC of solar capacity online in 2018, which is enough electricity to
power nearly 12,657 homes a year. Renewable Properties is actively
hiring in all functions across the solar development value chain.
About Renewable Properties
Founded in 2017, Renewable Properties specializes in developing and
investing in small-scale utility and commercial solar energy projects
throughout the U.S. Led by experienced renewable energy professionals
with development and investment experience, Renewable Properties works
closely with communities,
developers,
landowners,
utilities
and financial
institutions looking to invest in large solar energy systems. For
more information: www.renewprop.com/
About New Energy Capital
New Energy Capital Partners, LLC is a leading alternative asset
management firm which invests across the capital structures of small and
mid-sized clean energy infrastructure projects and companies. Since its
founding in 2004, NEC has participated in more than 25 transactions
across a broad array of industry verticals, including solar, energy
efficiency, storage, landfill gas, waste water treatment, and biofuels
totaling more than $2 billion in total asset value. NEC is headquartered
in Hanover, New Hampshire. For more information: www.newenergycapital.com/

View source version on businesswire.com: http://www.businesswire.com/news/home/20180208005388/en/


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