Wunder Capital partners with three funds for $100 million in new commercial solar financing | Solar Builder
Summary
Additionally, AIP, Cyrus, and Keyframe are providing a further investment to expand Wunder Capital’s corporate operations and pursue new market-driven opportunities. “Access to capital and seamless deployment is key for the continued growth of distributed generation,” said Keith Derman, Partner and Co-Head of Ares Infrastructure and Power. “Wunder is a demonstrated leader in the commercial and industrial solar space, and we’re excited to fund the growth of this important market sector together.” “High transaction costs and underwriting uncertainty have for years been the primary barrier to accessing solar energy project financing for this critical, but historically underserved, set of energy consumers,” said John Rapaport of Keyframe and Cyrus. “It has been remarkable to watch Wunder Capital’s platform solve these longstanding problems since the beginning of our partnership in 2018 and we are excited to expand this relationship along with the Ares Infrastructure team.” In partnering with AIP, Cyrus, and Keyframe, Wunder’s proprietary technology platform will provide select solar installers and developers with turnkey pre-NTP (notice to proceed) development capital solutions. Additionally, we’re excited to expand our existing relationship with Cyrus and Keyframe, who have been exceptional partners of ours for the past few years,” said Wunder CEO Dave Riess.