Radian Generation Closes New Round of Investment to Accelerate Growth
SAN FRANCISCO, May 24, 2016 /PRNewswire/ -- Radian Generation (RadianGEN), an independent asset management and O&M firm providing comprehensive software and services to solar project owners, has closed a new round of investment with Solar Plus International (Solar Plus). Solar Plus is a diversified renewable energy company based in Hong Kong and a member of AP Capital Group. RadianGEN plans to use the new funding to accelerate the development of its Lens™ solar asset management software platform and expand its asset management services into new markets in the U.S., Europe, and Asia.
RadianGEN's services and Lens™ software improve returns on renewable energy investments through effective, comprehensive management of technical operations, financial reporting and contractual compliance. Investors can grow their portfolios, reduce risk and enhance continuity planning with a single, centralized platform that consolidates project information, field services, and management processes. The software is available as stand-alone Software as a Service (SaaS) or in combination with solar asset management services provided by RadianGEN's growing staff of experts.
Paul Cheng, CEO of Solar Plus, remarked: "RadianGEN already has a strong footprint in the U.S. asset management and O&M markets, and we are excited about this opportunity to support them in leveraging this service offering using the Lens™ software product. The software is a critical tool for helping owners understand and improve project performance, while reducing compliance risk. The investment in RadianGEN offers Solar Plus an opportunity to work with one of the most experienced solar management teams in the U.S. and capitalize on the exciting growth of the global solar asset services sector. We look forward to working with RadianGEN in expanding their products and services around the world, especially in new markets in Asia and Europe."
Chad Sachs, CEO of RadianGEN, commented: "We are pleased to have found an investor and partner that values the long term performance of well-run assets. Investors want higher quality service at cost effective prices across a growing number of geographical jurisdictions. This investment provides us with the funding and strategic support to ensure that we can continue to grow with customers and remain a leading solar service provider."
About Solar Plus International:
Solar Plus International is a diversified renewable energy company with expanding global operations, primarily engaged in origination and investment in renewable energy generation and storage, energy efficiency management, and energy asset management. The Company is a member of AP Capital Group, an independent alternative investment firm based in Hong Kong and co-founded by former Asia Pacific Chairman of Goldman Sachs. The Company maintains its head office in Hong Kong and was founded in 2012 through capital investment from AP Capital. To learn more about Solar Plus International, please visit www.solarplusintl.com/about-us.html
About Radian Generation:
Radian Generation is an independent solar asset management and field services firm. RadianGEN is a growing team of solar industry veterans, with proprietary technology and processes that deliver best-in-class solar asset management and field services. RadianGEN provides project investors, lenders, and operators with comprehensive management services and software necessary to ensure their projects perform contractually, technically and financially. The team works with leading infrastructure funds, national utilities, developers, IPPs, and O&M providers to generate higher ROI on solar assets. RadianGEN currently provides asset management services to over 520MW of solar and wind assets under management across the Americas, Canada, and the Caribbean. To learn more, please visit www.radiangen.com
Contacts:
Radian Generation: [email protected] or +1 (415) 901-3430.
Solar Plus International: [email protected] or +(852) 2809-0000.
SOURCE Radian Generation
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