Renewable Properties, a San Francisco, CA-based developer of renewable energy projects throughout the U.S., closed a $12.5m capital commitment.
The commitment came from New Energy Capital Partners.
The company will use the capital to fund corporate and operating expenses, as well as, project-specific expenses including project acquisitions and development related activities like securing land, interconnection applications and studies, permitting, environmental studies and reviews.
Founded in 2017 by Aaron Halimi, President, Renewable Properties specializes in developing and investing in small-scale utility and commercial solar energy projects throughout the U.S., working closely with communities, developers, landowners, utilities and financial institutions looking to invest in large solar energy systems.
The company has a pipeline of utility solar projects located throughout the U.S. and plans to bring approximately 75 MW DC of solar capacity online in 2018.