Safari Energy Expands its Solar Energy Finance Business

Solar Power WorldJuly 29, 2019786

Summary:

The solar finance industry just got bigger, Safari Energy announced the launch a new offering for solar companies and solar installers that are seeking competitive and flexible financial solutions for their projects. Since the beginning of 2019, Safari Energy, which is a wholly own subsidiary of PPL Corporation, has completed a total of 19 solar energy project acquisitions across the United States, with dozens more expected to close by the end of the year.

Main Article:

Safari Energy Expands its Solar Energy Finance Business

Main Article:

Safari Energy announced the launch of a new offering for solar companies and solar installers seeking competitive and flexible financial solutions for their projects. Through the acquisition of solar projects, Safari Energy partners with solar developers to provide funding for solar power assets from early stage development through Commercial Operation Date (COD). Safari Energy is also offering to subsequently own, operate and maintain the solar energy projects that the company acquires throughout the duration of their power purchase agreements with the solar project off-takers.

“With more than a decade of experience closing sophisticated solar project deals, Safari Energy has developed a nuanced understanding of the asset class and we’re very excited to deploy our expertise to continue advancing the solar industry,” said Matt Rudey, CEO of Safari Energy. “We’re uniquely positioned with our expertise in solar development and project finance to offer low-cost solutions with a streamlined and expedited deal closing process.”

Since the start of 2019, Safari Energy, a wholly owned subsidiary of PPL Corporation, has completed 19 solar project acquisitions across the country, with dozens more expected to close by the end of the year.

Safari Energy has developed a platform for rapidly and efficiently completing due diligence, structuring financing and operating and maintaining distributed generation assets. Based in New York City, the team of more than 75 seasoned professionals gives Safari Energy the unique ability to transact efficiently with interdisciplinary expertise across M&A, project finance, risk, operations and legal.

Safari Energy will continue to build on its existing commercial and industrial solar power development business, with hundreds of projects spanning from Massachusetts to Hawaii.

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