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Barron Partners: Team
11/30/2011
Solar Industry Attracts New Investors, Says Soltas Energy’s Kirt Mayland

 

NEW YORK, Nov. 30, 2011 – Soltas Energy’s Director of Business Development, Kirt Mayland, addressed a full session of the Solar Finance & Investment Forum on Nov. 10 at the New York Marriott Downtown.Mr. Mayland’s session was devoted to the role of private equity investment in the solar industry. Approximately 350 people attended the conference, which is held annually in New York City and exists as one of the premier forums for solar power financial and industry professionals to network.

Mr. Mayland’s remarks touched on a range of topics including the promise that solar power generation holds as a significant employment engine and source of economic activity. “Designing and erecting solar power plants is a people-intensive business,” Mr. Mayland said. “The 24GWs scheduled to be installed nationwide over the next five years will stimulate significant growth in the industry both in jobs and in ongoing economic activity.”

The solar industry is attracting new investors, too, Mr. Mayland pointed out, as the focus has shifted in the U.S. and Europe to new, more expansive and more promising investment opportunities in solar power generation, particularly for those companies with the capital resources to fund their own construction costs.

Mr. Mayland, who is also a lawyer, recently joined Soltas Energy to help the company grow in its chosen markets. He came to Soltas Energy from Penn Energy Trust and Penn Energy Renewables, Pennsylvania-based renewable energy developers of wind and solar projects, respectively. While at Penn, Mr. Mayland helped secure approximately 70 MW of solar PV power purchase agreements.

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Soltas Energy Corporation is a solar-energy solutions provider that delivers clean, renewable energy. For more information about Soltas Energy, visit www.soltasenergy.com.

Contact:

Alana Chain
Soltas Energy Corporation
PR Director
achain@soltasenergy.com
212.359.0208