Bracewell LLP represented Sol Systems LLC on the transaction
Sol Systems, a leading independent solar asset manager and developer (Sol), and Nationwide, a Fortune 100 financial services and property & casualty company, today launched a joint venture, Helios Infrastructure Fund (Helios). Helios’ initial objective is to acquire, develop, build, and own over 330 MW of utility and commercial solar assets throughout the United States in the next 12 months, with an aim to expand the platform thereafter.
In partnership since 2012, Nationwide and Sol have financed over $700M of solar projects throughout the United States to date. The portfolio is primarily composed of distributed utility assets selling energy to municipal customers, universities, and utilities. In 2018, Helios will leverage the origination, underwriting and asset management resources the two partners have established.
Sol Systems is a leading independent asset manager that develops and invests in solar infrastructure in the United States. The company was founded in 2008 and is primarily employee-owned. Sol Systems creates and implements tailored solar energy investment and procurement solutions for some of the largest companies, municipalities, and universities in the United States.
Bracewell LLP represented Sol Systems LLC with a team including Hans P. Dyke (Picture), Cheri L. Hoff, Vivian Y. Ouyang and Seth T. Lucia
Law Firms: Bracewell;
Clients: Sol Systems, LLC;