Open Energy Group (OEG) – www.openenergygroup.com
Open Energy is a USA technology-enabled project finance platform for commercial and small utility-scale solar projects. It uses an online platform to originate project debt opportunities and to facilitate investment from institutional investors in loans based on a foundation of technology-driven due diligence data room and underwriting processes.
Open Energy offers solar construction and term loans that are often linked to enable a more efficient financing process. Construction loans are high yielding and generally short duration (9 months), which typically roll into term loans of longer duration (5-15 years) to finance the operation of the generation project.
Through the online platform, Open Energy also facilitates client access to other capital needs like development capital and tax equity investment opportunities. Open Energy management are in discussions with several major US institutions about entering partnerships for leveraging Open Energy’s technology led solution.