Sol-REIT Becomes SunRocket Capital

Source: 2/28/2024, Location: North America

SunRocket Capital, a structured finance partner to solar developers, announced the official adoption of its new name, changing from Sol-REIT to SunRocket Capital effective today. The strategic decision to change the firmís name to SunRocket Capital marks a significant milestone in the firmís journey and reflects its commitment to meeting the financing needs of renewable energy project developers across the nation. Additionally, the change is celebrated by a number of management changes discussed here.

The SunRocket Capital name embodies the firmís focus on efficiently providing capital to renewable developers and EPCs (engineering, procurement, and construction firms) at scale, an endeavor that supports strong economic returns while facilitating access to renewable energy for all.

Some key points highlighting the significance of the name and management changes:
Clarity and Cohesion: The SunRocket Capital name brings clarity to the brand identity, making it easier for stakeholders to understand what the firm delivers: capital for renewable energy projects.

Forward-Thinking: While the new name underscores SunRocket Capitalís commitment to providing capital for solar projects and their developers, the energetic-sounding name also positions the company to apply its technology and financing solutions to renewable projects beyond the scope of solar and solar/storage.

Enhanced Brand Perception: The new name reflects SunRocket Capitalís dedication to quickly and efficiently providing capital for renewable project development, enhancing its brand perception among customers, investors, and the wider community.

Management Changes: The management team of SunRocket Capital is slightly different from its structure when operating as Sol-REIT. Brian A. Sidman will serve as CEO, while Mark Settles, the former CEO of Sol-REIT, will serve as an independent director of SunRocket Capital. Jeremy Ben-David, former General Counsel of Sol-REIT, will serve as President, Derek Gabriel, Sr. will continue to serve as Head of Originations and also has been promoted to Chief Operating Officer, and Taimur Jamil will continue to serve as Chief Investment Officer.

ďWe are thrilled to introduce the SunRocket Capital name and look forward to sharing updates and developments, including news of recent and forthcoming financed projects, in the very near future,Ē stated Brian A. Sidman, Founder & CEO of SunRocket Capital.

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