Navisun, a solar independent power producer, has acquired OSG Solar, a 2.746-MW (DC) solar project located in Orange, Massachusetts that commenced operations in mid-2012.
“We are excited about the acquisition of OSG Solar,” said Douglas Johnsen, Navisun’s managing partner and co-founder. “The purchase inaugurates our mission to develop a portfolio of solar projects across the United States.”
Navisun received financing from Ares Capital Corporation, which will be used to develop, construct, acquire, own and operate solar projects in the United States.
“Receiving financing from Ares Capital was a significant milestone for Navisun,” said Malloy. “At a time when it is difficult for a new company to obtain traditional financing, Ares Capital provided a flexible capital solution that allows us to execute our business plan of becoming a market leader in the distributed and small utility scale solar power sector.”
News item from Navisun
Tell Us What You Think!