Campbell, California (PRWEB) June 26, 2012
SCS Renewables, a foremost photo voltaic finance brokerage, announced these days the release of its innovative online brokerage system for task investors and banks. The platform is the first of its variety to use key investor criteria to generate the photo voltaic advancement and funding method.

In reply to the industrys highly fragmented and inefficient industry, the platform is developed to increase the sectors dismal closure rates and broaden the pool of money accessible to finance commercial and utility scale solar projects.

Transitioning out of stealth mode, the SCS brokering and scoring system presently boasts accessible funding resources in excess of $ 2 billion through its current finance associates, as properly as 298 Megawatts of photo voltaic projects actively looking for finance via its recognized network of project growth entities.
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In the PV industry the supreme client is the financial institution. stated Haresh Patel CEO of SCS Renewables. Project development processes lack specifications and are at the moment decoupled from the traders criteria, which benefits in enormous inefficiencies, adds variable expense to solar tasks, and slows all round market place expansion. The SCS finance system solves these troubles and guarantees savings in excess of time of $ .ten-$ .30/watt due to decrease transaction charges and improved market place efficiencies.
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The SCS system is qualified to grow to be the international hub for solar power project funding, enabling large top quality offer origination for financial institutions whilst delivering monetary certainty for task developers. SCS departure from the standing quo advancement and financing trends employing the platforms streamlined procedure, normal documentation and undertaking scoring methodology straight tackles the deficiency of requirements and stubbornly high transaction expenses currently hindering project viability.
Jigar Shah, advisor to the organization and Previous CEO and Founder of SunEdison explained SCS capacity to asses and fee assignments tends to make them the Good Housekeeping Seal of Approval for renewable strength assignments. The support they offer you by means of their system is a important prerequisite for the economic sector for syndication and securitization. Equipment like this will assist speed up deployment of funds and attract new players.
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The value personal savings accomplished are a end result of SCS Renewables ability to enhance the quantity of top quality tasks accessible whilst decreasing time wasted evaluating unattractive projects. By introducing transparency and specifications to the procedure, SCS system opens the doorway to new investor types and new capital marketplaces minimizing the price of project finance by way of increased competition. The holistic lengthy-term influence is to even more generate sector scale and momentum in the direction of grid parity.&#thirteen
About SCS Renewables&#thirteen
Transitioning out of stealth method, the SCS’ brokering and scoring system presently offers available funding resources in surplus of $ 2 billion by means of its existing finance companions, as properly as 298 Megawatts of solar tasks actively in search of finance by way of its proven community of project growth entities. Because 2007, SCS Renewables has created a keep track of report by enabling much more than $ one hundred fifty Million value of solar project investments and companion transactions. For more information or to indication up for a trial pay a visit to http://www.SCSRenewables.com
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