Amid COVID-19 and broader market turbulence, the commitment of more than $100m demonstrates strong support for commercial solar projects. Portfolio company Wunder’s proprietary technology platform will provide select solar installers and developers with turnkey pre-NTP (notice to proceed) development capital solutions.
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Ares, Cyrus, and Keyframe partner with Wunder Capital to invest in the U.S. commercial solar market
“Access to capital and seamless deployment is key for the continued growth of distributed generation,” said Keith Derman, Partner and Co-Head of Ares Infrastructure and Power. “Wunder is a demonstrated leader in the commercial and industrial solar space, and we’re excited to fund the growth of this important market sector together.” “High transaction costs and underwriting uncertainty have for years been the primary barrier to accessing solar energy project financing for this critical, but historically underserved, set of energy consumers,” said John Rapaport of Keyframe and Cyrus. “It has been remarkable to watch Wunder Capital’s platform solve these longstanding problems since the beginning of our partnership in 2018 and we are excited to expand this relationship along with the Ares Infrastructure team.”
