Inovateus Solar gets capital investment to expand its solar development and EPC solutions
- PV project developer and design, purchase as well as building and construction (EPC) firm Inovateus Solar has gotten a "significant" investment from Galway Sustainable Capital to enhance its operations.
The offer, struck for an undisclosed quantity, will allow a boost in Inovateus' EPC procedures, project financing and also asset ownership in solar as well as power storage space.
The financing will certainly likewise allow Inovateus Solar to enhance its foothold in the US Midwest, coupled with a growth across various other geographic markets in the nation.
Jennifer von Bismarck, chief executive officer of Galway Sustainable Capital, said: "We are thrilled concerning Inovateus' ability to scale solar release and also to use renewable energy options to various other companies throughout our portfolio."
Inovateus Solar, which is based in South Bend, Indiana, established as well as funded over 500MW of energy, commercial, industrial as well as solar systems in the United States as well as the Caribbean.
"While Galway's vision of creating reputable, clean power-generating solar properties aligns with Inovateus' objective, Galway likewise brings decades of expertise and a reputation in the sector that will certainly even more boost Inovateus' brand name as well as make our firm the most vertically incorporated solar company in the nation," claimed Tim Sutherland, exec chairman of Inovateus Solar.
