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.