In an effort to continue expansion within the clean energy industry, Inovateus Solar has announced the formation of Brilliant Capital, a solar project financing venture. Brilliant Capital is a joint undertaking of Middleburg Capital Development (MCD) and LogiKan Group and will augment the core capabilities of Inovateus’ development, engineering, procurement and construction portfolio. The new venture will serve dual roles as system owner and operator as well as providing development capital for early and mid-stage solar projects.

This highly integrated offering will accelerate Inovateus’ activity in commercial, industrial, municipal and utility projects in the Midwest and throughout the United States.

The Brilliant Capital leadership team consists of veterans hailing from the energy, finance, and public service sectors. The group is helmed by Timothy and David Sutherland of MCD — and former leadership of Pace Global Energy Services; TJ Kanczuzewski of Inovateus Solar; Ashley Brickley of LogiKan Group; and former Indiana Senator Joseph Donnelly. Christopher Malkar, who will serve as President of Brilliant Capital, brings significant energy capital investment experience from his previous roles with Chesapeake Utilities, BP Solar, and Pace Global Energy Services.

“Finding the right solar financing partner can be a huge and cumbersome bottleneck that can delay projects from commencing construction,” said TJ Kanczuzewski, CEO of Inovateus Solar. “By giving Inovateus clients easy access to Brilliant Capital’s project financing, we can speed up the development and due diligence processes and begin installing much sooner and at a lower cost.”

Prior to formally launching, Brilliant Capital’s principals have made investments in numerous solar projects which are now operational. Currently, the company has 1,500 MW under development and is actively seeking new project opportunities. In addition to financing projects for Inovateus clients, Brilliant Capital and Inovateus provide a one-stop-shop solution for developers seeking EPC and financing services.

Commenting on behalf of Inovateus and Brilliant Capital, Tim Sutherland said, “After Inovateus’ recent private equity investment from MCD,  Brilliant Capital is the next step to scaling Inovateus’ services. Providing efficient and competitive financing is a concrete example of how Inovateus is fulfilling our brand promise of “Investing in your energy future.”

Brilliant Capital has already found success in the commercial and industrial project ownership market, namely Inovateus Solar Headquarters, Entrust schools, Lippert Components, and Kokomo Solar. These projects became operational in 2019 and are great steps forward in renewable energy for Indiana and Ohio. Brilliant Capital is proud to add these Midwest projects to its portfolio.

News item from Inovateus Solar