NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc., a commercial solar loan platform that helps businesses switch to clean energy, today announced it has financed a $5 million, 2.8 megawatt (MW) project portfolio for King Energy, an energy solutions provider for commercial multi-tenant properties. The project financed the installation of solar systems that serve 60 tenants across seven retail shopping centers, a majority of which are located in low and medium-income communities.
The $5 million financing provided by Sunstone Credit enabled King Energy to provide low-cost renewable energy to tenants ranging from national chains to locally owned businesses, including salons, restaurants, and coffee shops.
Solar energy offers businesses a resilient power source and cost savings while also supporting sustainability goals, but financing commercial solar projects is often a challenge. Sunstone Credit removes these financing challenges, allowing businesses to go solar without the burden of upfront costs.
"This project is unique because it makes solar energy accessible to businesses that might not be able to afford it otherwise," said Josh Goldberg, Sunstone Credit Co-Founder and CEO. "Our financing, coupled with ...
