October 12, 2011
KANSAS CITY, MO Brightergy, a leading commercial solar integrator with more than 300 completed solar projects, is expanding operations to the East Coast. The company is opening an office in Boston, Massachusetts and will announce additional Northeast regional offices in the near future. Brightergy will serve the entire state of Massachusetts from its Boston office.
"We see a strong demand in the market to provide financing for smaller commercial solar projects because most financiers focus on larger multi-megawatt projects," said Adam Blake, Brightergy's CEO.
To fuel this geographic expansion, Brightergy has received an investment from Trinity Private Equity Group based out of Southlake, TX. Trinity is investing $2.5 million into the Brightergy parent company and is also partnering with Brightergy to establish a commercial project finance fund. The fund will target $40 million in commercial solar projects with an emphasis on 200 kilowatt to 1 megawatt systems. “We see a strong demand in the market to provide financing for smaller commercial solar projects because most financiers focus on larger multi-megawatt projects,” said Adam Blake, Brightergy’s CEO.
This investment will allow Brightergy to offer its innovative financing options to commercial customers in Massachusetts. Brightergy offers multiple financing programs ranging from $0 down ownership to solar leases and power purchase agreements. Brightergy has its own financing arm with in-house underwriting and loan origination capabilities, in addition to providing third party financing options.
“We are really excited to bring Brightergy to Massachusetts,” said Blake. “Massachusetts is a very progressive energy market with a growing demand for clean solar energy.” Brightergy’s partnership with Trinity, combined with incentives available in Massachusetts, will allow Brightergy to offer solar to commercial customers below the cost they currently pay for electricity.
Brightergy serves commercial customers by providing solar energy design, financing, installation, and monitoring services. The company’s BrighterFinance, BrighterLease, and BrighterPPA financing options make it possible for building owners to switch to clean renewable energy for less money than they currently pay for electricity. Brightergy’s regional offices currently serve Kansas City, St Louis, and Boston. Additional information about the company can be found online at www.brightergy.com.
About Trinity Private Equity Group
Trinity Private Equity Group is an “alternate asset” investment management firm that is a middle market sponsor of private equity transactions. Trinity partners with existing high quality management teams that meet its stringent investment criteria. Based out of Southlake, Texas, Trinity invests in operating companies and real estate projects throughout the US.
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