O3 Energy Solutions and Divya Capital Ventures Announce Plan to Finance $60 Million in Commercial, Municipal, and Utility Scale Solar Projects
By Providing Solar Energy to Businesses and Tax Exempt Organizations, The Two Companies Solidify a Long-Term Partnership.
DALLAS, Feb. 24, 2015 /PRNewswire/ -- O3 Energy Solutions, a leader in clean energy solutions, and Divya Capital Ventures today announced their largest renewable energy tax equity fund to date. This strategic arrangement will finance up to $60 million in commercial scale solar projects for businesses, schools, government buildings and utilities. This is the first fund created in what is becoming a long-term relationship between the two companies since they aligned to make solar power systems more accessible and affordable for businesses and tax exempt entities.
"Solar energy has become a large part of our society, but this is the first time that a lot of people will have access to it and we couldn't be more pleased," said Preston Howell, Director of Marketing "Renewable energy is more abundant than any other source of energy right now. This fund makes it possible to further the reach of renewable energy sources to the masses and shows that sustainable communities and businesses are promising in an affordable way."
With ongoing projects in Hawaii, California, Arizona, Texas, Puerto Rico, and The US Virgin Islands, the current market focus is commercial, municipal, and small utility clients who would like to lower their dependence on fossil fuels. This category of energy users is regularly overlooked by current solutions available in the market today.
About O3 Energy Solutions
Since 2011, Dallas-based O3 Energy Solutions has provided energy solutions to heavy power users. It specializes in the development, construction, and operations of energy generation systems and facilities. The company provides clients with affordable clean energy through onsite generation. For more information, please visit www.o3energysolutions.com
About Divya Capital Ventures
Divya Capital Ventures believes in a clean energy future where renewable energy is as main stream as other sources of energy. To help make this a reality they continually invest in innovative, energy projects. To date Divya Capital Ventures has committed over $100 million to clean energy projects. For more information, please visit www.divyacapitalventures.com