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Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

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Sol Systems Announces Success of its New Solar Financing Community

Sol Systems, the largest SREC aggregator in the US, is proud to announce the success of its new solar financing website, SolMarket.

SolMarket is the new solar financing website of Sol Systems, which provides investors and developers with the tools they need to efficiently originate, evaluate, finance, and construct renewable energy projects, in a way that is transforming how solar projects are financed.

Launched less than six months ago, Sol Market already boasts committed funds of $1.9billion from its network of 18 investors, which include; energy suppliers, family funds, private equity, solar funds, and larger solar companies, all of whom have extensive experience of investing in solar projects.

In the last couple of months over 4 megawatts of solar projects, ranging from 100 kilowatts to 1.5 megawatts, have been financed by SolMarket investors, with a further 10 megawatts currently in negotiation, consisting of projects from 200 kilowatts to 5 megawatts.

Yuri Horwitz, CEO of Sol Systems, declared that, “the expansion of the SolMarket community is really exciting. In the short time since we launched, we have seen over 250 projects utilize SolMarket to secure financing.  And as the reputation of this community grows, so does the scale and quality of the projects we assist.  Leveraging this deal flow with our data driven approach and our diligence and advisory services means that SolMarket investors see more projects they like, and they see them more quickly, ultimately saving both time and money.  It also means that we can quickly connect our developer partners with appropriate and experienced investors in the space.”

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