SunRocket Capital and Novel Energy Solutions Strengthen Partnership with New Project Financing

MIAMI, April 04, 2025 (GLOBE NEWSWIRE) -- SunRocket Capital, a structured finance partner to solar developers, is pleased to announce the closing of financing for a ground-mount community solar installation in Sidney, Maine (ME) with Novel Energy Solutions. The 1.93 MW (DC) project is in development and has qualified for Renewable Energy Credits (REC's) and is the fifth Novel Energy Solutions project that SunRocket Capital has funded within the last several months.

"It is our mission to understand the needs of our client developers and to assure them that they have a financial partner that will close their construction to permanent loan needs," said Derek Gabriel Sr., Head of Originations at SunRocket Capital. "We see Novel Energy Solutions as great partners and will always work diligently to meet the goals of our clients."

The previous projects funded by SunRocket Capital for Novel Energy Solutions included four solar projects that are currently in various stages of development across Maine and Minnesota. With the fifth project in Sidney, ME, a combined total of over $28.8 million in funding has been deployed for Novel Energy Solutions community solar portfolio by the ...