Hannon Armstrong Sustainable Infrastructure Capital (HASI) has partnered with Sol Systems to jointly originate, structure and fund up to $100m of construction and term debt financing for developers and owners of distributed solar projects in the US this year.

The partnership combines HASI’s resources with Sol Systems’ network and capabilities in project sourcing, due diligence, and structuring, allowing solar developers and owners to benefit from streamlined, standardized documentation, predictability in execution, smaller loan size requirements, lower transaction costs, as well as flexible terms and tenors.

HASI president and CEO Jeffrey Eckel said the company is looking to take the economic and documentation uncertainties out of the finance process and accelerate a developer’s ability to close on a project with the programmatic finance solution.

"We believe this new offering will provide the distributed solar industry with a flexible source of capital for portfolios of smaller projects, along with the skilled staff needed to transact at scale, with speed," Eckel added.

The new initiative will leverage HASI’s proven ability to fund multiple transactions on a programmatic basis.

HASI has financed more than $4.5bn of energy efficiency, clean energy and other sustainable infrastructure projects, since 2000.