Distributed Sun Celebrates Key Milestones for the Distributed Solar Network™ 100 Members, 1 GW and 1 Year Anniversary of Operations
WASHINGTON, April 19, 2013 /PRNewswire/ -- Distributed Sun today celebrated its 100th member in the Distributed Solar Network™ (DSN), a nationwide project origination and finance platform for commercial developers and financiers. During its first year of operation, 105 members registered to join the network, submitting 390 projects totaling nearly 1.5 GW across 28 states, the District of Columbia and Puerto Rico.
"We are excited about the volume and quality of total projects, capacity and members joining the network. This national scale provides remarkably precise and actionable information for us and all of our network friends," says Ed Scarborough, vice-president of network development. "As we develop closer ties with more trusted members and partners nationwide, Distributed Sun better grasps and forecasts marketplace trends, and therefore, more effectively serves the members of our growing platform."
D-SUN's network professionals evaluated more project capacity (107%) in 2012 than the entire US commercial and industrial (C&I) segment installed, and will do so again in 2013 at an estimated 2 GW of dealflow, or more than 150 MW per month. The network is fulfilling an increasing share of its $1 billion in annual network investment appetite. $30 million of network transactions closed this month. With multiple finance partners funding multiple projects in multiple states simultaneously, D-SUN's aggregation platform continues to exceed expectations.
"We will host our inaugural Distributed Solar Summit this Fall," says Chase Weir, chief executive officer at D-SUN. "Our network team will announce a number of new partners, services and success stories in the coming weeks. We look forward to sharing an exciting program with our growing membership later this year."
ABOUT THE DISTRIBUTED SOLAR NETWORK (DSN)
Launched in March, 2012, DSN provides development, workout and brokerage services to project originators, and helps project investors efficiently source projects that meet their exacting investment requirements. Using proprietary and patent-pending business intelligence tools, D-SUN screens, scores and selects network projects and portfolios and matches each to the right finance partner's risk and return requirements. As an owner-operator of solar assets in six US states, D-SUN understands the needs of developers and financiers like few others. DSN offers a reliable platform with dependable tools, industry best-practices and finance assurance in an otherwise uncertain marketplace.
ABOUT DISTRIBUTED SUN (click here)
PR CONTACT - For more information, contact Ed Scarborough at 512-820-9196, or firstname.lastname@example.org.
SOURCE Distributed Sun