Radian Generation (RadianGEN), a provider of ongoing solar asset management and consulting services, recently entered into an asset management agreement with Renewable Energy Trust Capital (RET Capital) for 44 MW of solar projects in California.
RadianGEN will provide financial asset management, contract administration, compliance and technical oversight service for the two utility scale projects owned by RET Capital. RadianGEN is a member of QuietStream Financial’s portfolio of asset management service providers that work together in the commercial real estate, renewable energy and affordable housing investment sectors.
Given the contractual obligations demanded by utilities, RET Capital has brought RadianGEN on board for its approach and experience in managing solar projects effectively and efficiently. RadianGEN provides the comprehensive management necessary to ensure that RET Capital’s solar projects will perform and deliver the expected return on investment.
“RadianGEN and its leadership team have a solid track record of providing comprehensive solutions for asset management and we look forward to working with the team on these solar generation sites,” says John Bohn, CEO of RET Capital. “Their experience and approach will ensure the efficiency and effectiveness of our portfolio management.”
RET Capital is a privately held company that makes sponsor equity investments in solar PV power generation facilities. RET Capital works closely with its asset partners – project developers, EPC providers, IPPs and utilities – to acquire projects with long-term contracted cash flows. The RET Capital team assists its asset partners in meeting their objectives through innovative structuring and design of portfolio acquisition and joint ownership opportunities.
“RET Capital is building a leading and competitive investment platform for the renewable energy industry,” says Chad Sachs, CEO of RadianGEN. “We have been impressed by their ability to source, diligence and execute on project opportunities in the sector. We are excited to support RET Capital’s growth in the utility scale solar sector.”
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