SolAmerica Energy
Turnkey solar energy solutions for commercial properties.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $100m | Debt | |
| Total Funding | 000k | ||
SolAmerica Energy, founded in 2009 by R. Stanley Allen, specializes in the development, engineering, procurement, construction (EPC), and operations and maintenance (O&M) of solar energy projects. The company's primary focus is on the commercial and industrial (C&I), municipal, and utility-scale sectors across the United States.
SolAmerica offers turnkey solutions, managing the entire lifecycle of a solar project from initial site assessment and financial modeling to engineering design, permitting, construction, and long-term asset management. This comprehensive approach allows them to serve a diverse client base that includes businesses, government entities, and utilities looking to adopt clean energy, reduce electricity costs, and achieve sustainability goals. The company's business model revolves around project development fees, EPC contracts for building the solar facilities, and long-term O&M service agreements. They also engage in developing projects for their own portfolio or for third-party owners, navigating complex energy markets and regulations.
In December 2016, SolAmerica was acquired by First Citizens Bank, and in February 2024, it was subsequently acquired by Alternus Energy Group, an international independent power producer. This recent acquisition is expected to provide SolAmerica with the capital to significantly expand its project development pipeline, particularly in the U.S. Southeast and other strategic markets.
Keywords: solar energy development, commercial solar, EPC services, renewable energy projects, utility-scale solar, operations and maintenance, energy storage, project financing, clean energy, independent power producer