Wunder Capital and partners to provide over $100 million in commercial solar loans

Wunder Capital has partnered with funds managed by Ares Management Corporation’s Infrastructure and Power strategy, Cyrus Capital Partners and Keyframe Capital to provide financing for more than $100 million in commercial solar loans.
Wunder currently operates in 34 states, with more than 300 active solar installation and development partners nation-wide.
“Access to capital and seamless deployment is key for the continued growth of distributed generation,” said Keith Derman, Partner and Co-Head of Ares Infrastructure and Power. “Wunder is a demonstrated leader in the commercial and industrial solar space, and we’re excited to fund the growth of this important market sector together.”
“High transaction costs and underwriting uncertainty have for years been the primary barrier to accessing solar energy project financing for this critical, but historically underserved, set of energy consumers,” said John Rapaport of Keyframe and Cyrus. “It has been remarkable to watch Wunder Capital’s platform solve these longstanding problems since the beginning of our partnership in 2018 and we are excited to expand this relationship along with the Ares Infrastructure team.”
In partnering with AIP, Cyrus, and Keyframe, Wunder’s proprietary technology platform will provide select solar installers and developers with turnkey pre-NTP (notice to proceed) development capital solutions.
“We’re thrilled to be partnering with Ares Infrastructure and Power, whose reputation and impact within the solar market needs no introduction. Additionally, we’re excited to expand our existing relationship with Cyrus and Keyframe, who have been exceptional partners of ours for the past few years,” said Wunder CEO Dave Riess. “This joint transaction, hopefully the first of many, will provide much needed financing for commercial solar development activities through this difficult market period, and this partnership will play a pivotal role in driving the growth of the commercial solar market for years to come.”