Stamford, CT, December 27, 2017 – KDC Solar LLC (“KDC” or the “Company”), a solar energy project developer based in Bedminster N.J., 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, a sub-advisor to Alliance Fund II, to provide development capital and permanent project equity for a portfolio of four solar photovoltaic projects located in New Jersey. When completed the four projects will total 16.6 MW.
“GoldenSet Capital Partners were not only competitive but professional and easy to work with. They kept their eye on the ball. We look forward to a long term mutually profitable relationship” said Alan Epstein, President and CEO, KDC Solar LLC.
“The KDC team has a long legacy of accomplishment in the power development business across many markets and technologies. This deep experience base provides a detailed understanding of the factors that are critical to success” adds Everett Smith, Managing Partner of GoldenSet Capital.
About KDC Solar LLC:
Headquartered in Bedminster, N.J., KDC Solar is the developer, owner and operator of 76 MWs of primarily “net-metered” solar facilities at fifteen different locations and anticipates commencing construction on 42 megawatts of “net metered” solar projects in 2018. KDC Solar is committed to using clean solar energy to provide economic stimulus and jobs through long term discounted electric rates for commercial and industrial users.
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 provides project finance equity and structured capital to 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. For more information, visit www.northskycapital.com.