Building Energy Selects Distributed Sun as Preferred U.S. Development Partner Distributed Solar Network™ to Serve as Origination & Investment Platform
WASHINGTON, Dec. 12, 2012 /PRNewswire/ -- Building Energy SpA, an independent power producer fully integrated in the solar value chain providing EPC, O&M and Asset management services, and Distributed Sun LLC (D-SUN), an enterprise level solar development platform providing advisory services, business intelligence tools and financing solutions to the Fortune 500, today announced they have entered into a Network Access Agreement. Building Energy will leverage Distributed Sun's market leading development platform – the Distributed Solar Network – to implement its US investment strategy.
As a result, Building Energy will significantly expand its project pipeline to include more than 100 MW of US solar photovoltaic (PV) projects in various stages of development and is preparing to expand its global operations to North America in 2013. Distributed Sun will provide a wide range of advisory and development services to Building Energy within the US marketplace – including origination of commercial and utility portfolio projects, deal screening and selection, and transaction due diligence.
In addition, D-SUN will customize acquisition and decision-making criteria based on its proprietary analytics on behalf of Building Energy. By accessing the Distributed Solar Network, partners obtain a powerful toolkit for project sourcing. Building Energy has determined this partnership accelerates their US market goals for 2013 and beyond.
"Our collaboration with Building Energy further affirms the marketplace is moving quickly toward our networked model. Just as Fortune 500 companies turn to our solar advisory services, a mature international solar firm looking to the US as their next big market benefits from our platform and software," says Chase Weir, CEO of D-SUN. Adding, "This transaction reveals the value of our enterprise offerings, and the power of more than 60 members in 28 states serving us over 100 MW of projects per month."
"We looked throughout the United States for the right development partner," says Fabrizio Zago, CEO of Building Energy. "Among them all, including those in other global markets, none have possessed the level of expertise and sophistication demonstrated by Distributed Sun. This relationship provides us with deep market intelligence and better tools combined with a large funnel for projects and better investment decisions for Building Energy."
"With this agreement, Building Energy is pursuing new opportunities in the North American market," said Andrea Braccialarghe, Vice President of Business Development for Building Energy. "The agreement with Distributed Sun provides us with strong visibility in 2013 and beyond, and is consistent with our long-term company strategy to improve our global footprint with access to high potential renewable markets."
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SOURCE Distributed Sun