Main Street Power Company Adopts Mercatus Platform to Streamline Solar Finance Analysis
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Press release date: December 17, 2013
Solar Financier Leverages the Mercatus Solution to Drive Growth in Competitive Solar Markets
SAN JOSE, Calif. – Main Street Power Company, Inc., a Boulder, Colorado-based financier and owner of over 50MW in distributed solar assets across North America, has adopted the Mercatus project evaluation platform to drive growth in the commercial and industrial solar markets. Haresh Patel, CEO of Mercatus, and Amory Host, CEO of Main Street Power, made the joint announcement.
The Mercatus platform is used by solar project developers and financiers to evaluate and select viable commercial and industrial solar projects. Its database is currently tracking over 570 unique data points on over 750 active commercial and industrial projects, and incorporates the best practices of due diligence and underwriting practices of the top 50 global financial organizations worldwide.
According to Host, Main Street Power intends to significantly increase its project acquisition capacity in 2014. "By utilizing the Mercatus platform we can better capitalize on the opportunities available in new project origination and acquisition," Host said. "Mercatus offers our team a standardized and scalable process that we expect to leverage into faster review times and higher closing ratios."
"Mercatus is the key to scaling up investment in the distributed generation market that Main Street Power and many others are building around the world," said Patel. "Mercatus was designed to add capacity and increase the speed of deal flow and decision making to growing organizations. We are delighted to provide Main Street Power with these advantages in an increasingly competitive market."
About Mercatus, Inc.
Mercatus is a leading solutions provider for the energy project finance industry, offering Origination and Syndication Management for investors looking to make asset-class portfolio decisions. Answering the call for deal standardization, Mercatus has introduced m-Star, the energy industry's first FICO like score with each project's risk and reward score. Mercatus' new standardized approach to the appraisal, aggregation and syndication of individual projects provides the critical transaction interface the buy and sell sides have been waiting for. Mercatus is based in Silicon Valley and backed by Vision Ridge Capital, Augment Ventures, and Shah Capital. For more information visit www.gomercatus.com.
About Main Street Power Company, Inc.
Main Street Power Company, Inc. delivers renewable power through distributed generation solar projects. Main Street Power owns and operates over 1,000 solar assets at schools, colleges, cities, utilities, and nonprofits through a partnership with MS Solar Solutions Corp., an indirect wholly owned subsidiary of Morgan Stanley. A commitment to solving social and environmental problems through clean energy, local jobs creation, and solar science education for children has earned Main Street Power a three-star GIIRS rating by B-Lab, the global social impact rating organization. Visit the company online at http://mainstreetpower.com.
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SOURCE Main Street Power Company, Inc. and Mercatus, Inc.
Web Site: http://www.mainstreetpower.com