Saturday, March 6, 2010, 5:00am MST | Modified: Saturday, March 6, 2010, 5:00am
by Patrick O'Grady
Adam Capital Clean Energy Asset Finance will fund its first project in Arizona as part of a $1.8 million loan agreement.
The firm, formerly known as Ethos Green Energy Asset Finance LLC, will do two projects with the funds: one with Go Solar LLC in California, and the other with Solar Solutions in Arizona.
The firm will expand a fund for Solar Solutions from a $300,000 loan, originally for systems on five homes, to $800,000. Included with that would be a rolling credit line of $500,000 to $1 million.
The fund also will supply about $750,000 to Go Solar for systems on about 50 roofs of low-income homeowners.
The firm used to be based in Scottsdale but relocated to Sonoma, Calif., last month.
Adam Boucher, founder and CEO of Adam Capital, said the firm looks for projects between $250,000 and $3 million to fund with reliable credit to improve clean energy installations.
The fund uses federal tax credits and utility incentives as collateral for the loans.
Source: http://www.bizjournals.com/phoenix/stories/2010/03/01/daily75.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_national+%28Bizjournals+National+Feed%29
by Patrick O'Grady
Adam Capital Clean Energy Asset Finance will fund its first project in Arizona as part of a $1.8 million loan agreement.
The firm, formerly known as Ethos Green Energy Asset Finance LLC, will do two projects with the funds: one with Go Solar LLC in California, and the other with Solar Solutions in Arizona.
The firm will expand a fund for Solar Solutions from a $300,000 loan, originally for systems on five homes, to $800,000. Included with that would be a rolling credit line of $500,000 to $1 million.
The fund also will supply about $750,000 to Go Solar for systems on about 50 roofs of low-income homeowners.
The firm used to be based in Scottsdale but relocated to Sonoma, Calif., last month.
Adam Boucher, founder and CEO of Adam Capital, said the firm looks for projects between $250,000 and $3 million to fund with reliable credit to improve clean energy installations.
The fund uses federal tax credits and utility incentives as collateral for the loans.
Source: http://www.bizjournals.com/phoenix/stories/2010/03/01/daily75.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_national+%28Bizjournals+National+Feed%29
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