Stamford, CT, May 31, 2018 – ECA Solar LLC (“ECA”), a solar energy project developer and installer based in Waltham Massachusetts, has signed an equity investment agreement with North Sky Capital’s Alliance Fund II (“Alliance Fund II”). The investment was arranged by GoldenSet Capital Partners LLC (“GoldenSet”), a sub-advisor to Alliance Fund II, to provide up to $50.0 million of construction and permanent project equity for a portfolio of solar photovoltaic projects under development by ECA in Massachusetts.
“Our partnership with GoldenSet has allowed ECA to broaden our activities and become a long- term solar project owner. With our strong development pipeline and the supportive environment for solar in Massachusetts we anticipate building a substantial portfolio in partnership with GoldenSet” said Todd Fryatt, President and CEO, ECA Solar LLC.
“The ECA team is exactly what we seek – focused, experienced and building on a solid track record of development success.” adds Everett Smith, Managing Partner of GoldenSet Capital.
About ECA Solar LLC:
Formed in February 2014, ECA Solar focuses on the development, engineering and construction of large-scale solar PV facilities, including but not limited to over 3 Million square feet of industrial rooftop solar systems. The ECA advantage comes with its seasoned management team and focus on execution. For more information, visit www.ecasolar.com
About GoldenSet Capital Partners LLC:
GoldenSet Capital Partners, based in Stamford CT, focuses on investments in the sustainable infrastructure sector. It acts as a sub-advisor to Alliance Fund II and invests project finance equity and structured capital in projects and companies in the United States and Canada. For more information, visit www.goldensetcapital.com
About North Sky Capital LLC:
North Sky Capital is a registered investment adviser and a leader in impact investing with $1.2 billion in committed capital across its various funds. North Sky was established in 2000 and is based in Minneapolis, MN and New York, NY. For more information, visit www.northskycapital.com