BOULDER, COLORADO, November 8, 2018: Wunder Capital, a leading commercial solar financier, has just announced it is now financing community solar projects across the U.S.. Wunder’s novel approach to servicing this rapidly growing market segment focuses on deeply understanding the value associated with community solar assets in a manner that is more progressive than the purely credit-focused approaches employed by traditional financiers.
“It is critical to think about community solar projects in a way that is more akin to a multi-tenant building than a traditional solar asset. This allows our partners to draw capital without being limited by initial subscription obligations and untenable subscriber contracts, which are some of the biggest requests we’ve heard from the market,” said Noah Kirsch, Lead Financing Director for Wunder Capital.
Wunder’s community solar underwriting framework removes traditionally onerous requirements related to personal or corporate performance guarantees, contract termination language, anchor off-takers, or off-taker credit thresholds. Instead, Wunder will focus on a number of other system factors, including the subscription manager, system economics, pricing regimes, and the supply and demand dynamics of the local market.
“Since Jan. 1, we’ve seen over $180M of community solar financing requests, with more coming in every single day. We believe 2018 represents a tipping point for community solar and we’re thrilled to now be able to service these projects,” said Bryan Birsic, CEO of Wunder Capital.
Wunder Capital, headquartered in Boulder, Colorado, is the nation’s leading financier for commercial solar projects. The company has financed over 100MW of C&I solar projects on behalf of its national network of over 2000 solar developer, EPC and installation partners. Wunder streamlines the financing process through its proprietary technology, progressive underwriting frameworks and fast turnaround times. For more information, please visit www.wundercapital.com.
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