Dec 23 2010
Distributed Sun, a solar project innovator, disclosed that it has formed a Fast-Track Commercial Group with new partnership and finance. They were ready to announce both large and small projects.
Prospect Solar, a subsidiary of Prospect Waterproofing, and D-Sun have entered into an alliance, which would accelerate both the financing and deployment of the small projects in 2011. The agreement with an initial investment amount of $4 million would consider innovations that would increase the capacity by four times.
This new finance and EPC partnership would help them to increase their project construction capacity. D-SUN in December is planning to commission four new solar units in three states but the new Fast-Track Group would be able to support ten or more construction projects in 6 states by the end of the next quarter and hope to increase it even more. According to Chase Weir, Distributed Sun’s CEO, the company was still on the path to construct the most wide-spread, scalable and advantageous platform in the solar segment, and this alliance with Prospect Solar would speed up this significant growth phase. The splitting of projects by size and type would successfully divide financial sources, partners and assets. D-SUN would in the near future declare the grouping of bigger $-10 million individual projects into separate $25-50 million blocks.
James Stamer, Prospect’s President, has stated that his company had preferred aligning with a company that is in the process of redefining the next generation of a model, which is developer-operator owned. Distributed Sun’s geographical contacts and its strong base of rooftop locations is a very attractive partnership and investment opportunity.
D-SUN would install a considerably higher solar capacity per dollar investment, when compared to the national average and at the same time offer one of the most viable solar power discounts, thus being beneficial for taxpayers, ratepayers, the investors and the environment.