Barron Partners, a private equity company based in New York, has declared the launch of a new company, Soltas Energy.
The new company will strengthen the present regional solar EPC/Project developers of Barron Partners and will produce a national vehicle for the purpose of funding solar projects. The arrangement will enable Barron Partners to assume ownership of major regional solar installation and solar project development organizations.
Soltas Energy will get into the solar market with bulk stakes in established solar installation and services businesses such as Aegis Solar Energy, in Branford, Sunergy America in Wall, New Jersey, and Nashville, Tenne, located Choice Solar Solutions. The company with widespread national level project funding potentialities is also dealing with businesses such as Southwest placed in the additional regional level markets to include it in its team of solar businesses in the near future.
Soltas as a solar power provider through its auxiliary companies charges the clients only for the power used through the entered solar power purchase agreements. The solar modules will be installed over the rooftops or other open spaces of the clients and the clients will buy only the required power at power rates cheaper than supplied by the utility companies.
Soltas on its part invests for the installations, produces regular cash receipts through the sale of electric power generated and also gets additional gains through incentives available for the generation of renewable energy. The company targets clients such as utility companies, universities, colleges and schools, real estate developing companies, government enterprises and commercial businesses.
Source: http://www.soltasenergy.com/