Adopting the Mercatus platform allows RET to quickly consider those solar assets that meet RET’s investment criteria while focusing on RET’s core mission to lower project financing cost for project owners. - Jon Norling Vice President at RET
San Francisco and Campbell, CA (PRWEB) September 26, 2012
Renewable Energy Trust Capital, Inc. (RET) and SCS Renewables, Inc. announced today RET’s selection of the Mercatus™ cloud based software platform for solar photovoltaic (PV) asset due diligence and acquisition starting in North America. Mercatus, the premier solar finance enterprise platform, is provided by SCS Renewables.
Mercatus changes the status quo of project finance asset assessment by providing a faster and more automated process for evaluating and acquiring solar assets. Mercatus is the culmination of three years of research and development including the first of its kind proprietary scoring engine, which is derived from investment criterion and best development practices of more than 25 financing entities. Mercatus relies on standardization and patent pending methodologies to deliver a complete workflow solution for solar asset origination. The net result is an increase in asset targeting speed, more competitive deals won, higher returns and faster deployment of capital for solar investors.
Leveraging financial techniques successfully applied in real estate markets, such as REIT (Real Estate Investment Trust) structures, RET provides liquidity to solar PV generating assets in utility and in commercial/industrial (C&I) markets, targeting asset holders seeking U.S.-based, low-cost capital. By applying established public market structures to the solar PV market, RET establishes an evergreen financing solution for both assets holders and developers in North America.
Jon Norling, VP Acquisitions of RET said, “Adopting the Mercatus platform allows RET to quickly consider those solar assets that meet RET’s investment criteria while focusing on RET’s core mission to lower project financing cost for project owners. As a result, this will deliver cheaper electricity rates to consumers and better returns for developers.”
“RET’s innovative solar finance strategy is an excellent match for Mercatus. We are delighted to be able to help them continue to drive further towards their mission of lowering project finance costs,” said Haresh Patel, CEO of SCS Renewables. “Mercatus was designed to bring speed to the deal selection process allowing solar investors like RET to win the most attractive solar assets.”
About Renewable Energy Trust Capital, Inc.
Renewable Energy Trust is based in San Francisco, California. It has been supported by the California Clean Energy Fund (CalCEF), a leading investor in promising innovative platforms that accelerate the growth of clean energy generation through advancements in finance, public policy and technological innovation.
For more on Renewable Energy Trust, Inc., visit //http:http://www.renewabletrust.com
About SCS Renewables, Inc.
Based in Silicon Valley, SCS Renewables, Inc. was founded in 2009 with the purpose of bringing business process efficiency to the renewable energy market. SCS Renewables developed the cloud based Mercatus™ solar project origination platform for developers and financiers of solar assets. Our mission is to enhance the speed and efficiency of solar asset class acquistion teams by deploying internet technology with embedded domain knowledge and workflow tools. SCS Renewables has reviewed and rated over 1.7GW of solar projects and has enabled over $150M of investments and partner transactions to date.
For more on SCS Renewables, visit //http:http://www.scsrenewables.com