Wunder Capital Raises $100 Million for U.S. Solar Project Loans

Solar financier Wunder Capital is working with Ares Management Corp., Cyrus Capital Partners L.P., and Keyframe Capital Partner L.P. to provide more than $100 million in loans for U.S. commercial solar projects.

The financing will support 50 to 100 new solar projects across the U.S. ranging from 200 kilowatts to 5 megawatts, the company said. Some installations will be operational by the end of the year, but the majority will start service in 2021. The company now operates in 34 states with more than 300 solar installations and development partners, according to a statement Tuesday.

Michael Roth, managing director of Ares’s infrastructure and power strategy, will join Wunder’s board of directors.

©2020 Bloomberg L.P.

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