EcoSolargy Raises $150M In Equity Finance

EcoSolargy Inc. said it raised $150 million in an equity based transaction for its 2013 financing program. The foreign investors were not identified. The company says it is looking to finance utility-scale solar projects that are in pre-development, development or construction stages.

PRESS RELEASE

ecoSolargy Secures $150 Million to Finance Utility-Scale Solar Projects

The solar solutions provider is currently seeking projects in all phases to finance in 2013

IRVINE, Calif. – December 12, 2012 – ecoSolargy Inc., a full service solar solutions provider, announced today that it has successfully secured $150 million through private equity investors for its 2013 financing program. Spearheaded by the company’s utility project development division, the program aims to finance utility-scale solar projects in all stages of development.

“ecoSolargy’s commitment to clean energy expands beyond the provision of high-quality solar products and the development of strategic and installation solutions,” said Alan H. Lee, CEO of ecoSolargy. “Our position in the solar industry has allowed us to effectively collaborate with private investment partners to raise funds that will help propel utility-scale projects in both the U.S. and abroad.”

ecoSolargy’s utility project development division was created four years ago to acquire, develop, and operate large scale solar projects throughout the world.  With an experienced staff in solar development, financing and construction, the utility project division is fully equipped to manage utility-scale projects and can quickly determine if a project fits within ecoSolargy’s parameters and portfolio. Through project consulting and investigation, environmental studies, utility and government agency negotiations, as well as project design, engineering and logistics, ecoSolargy’s project development division’s capabilities can lead a project to completion. ecoSolargy is currently looking to finance utility-scale solar projects for 2013 that are in pre-development, development or construction stages, or that are already owned and operated.

“We anticipate ecoSolargy’s utility-scale project development program to be quite successful in 2013 as we add to our portfolio and help develop solar projects throughout the United States,” said Jimmy James Nhieu, Vice President of Project Development at ecoSolargy. “We welcome owners and developers of projects at all stages to contact us and inquire more information regarding our financing program.”

To contact ecoSolargy regarding the utility-scale solar project financing program, please emailutility@ecosolargy.com or call 877-808-4213.

About ecoSolargy

ecoSolargy is an American-owned full service solar solutions provider headquartered in Irvine, CA. ecoSolargy’s name combines the terms ecology, solar energy and technology and reflects the company’s mission—to offer the latest in solar solutions to deliver affordable, clean and renewable energy to businesses and homes striving to achieve economic sustainability. The company has evolved from being a solar (PV) manufacturer to being a comprehensive solar solutions provider to meet the expanding needs of contractors, project developers and building owners.

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