Solar industry’s Greatest Financing Challenges – WASHINGTON, June, 2014 ( Solar Thermal Magazine ) – EY today announced that Yuri Horwitz, CEO of D.C. based solar financing firm, Sol Systems, received the EY Entrepreneur Of The Year™ 2014 Award in the emerging technologies category in Greater Washington. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.
Mr. Horwitz was selected by an independent panel of judges, and the award was presented at a special gala event on Thursday, June 19, 2014 at The Ritz-Carlton, Tysons Corner.
Mr. Horwitz was recognized for his leadership in tackling the solar industry’s greatest financing challenges. Sol Systems represents investor clients such as utilities, banks, insurance companies, and Fortune 100 companies and places capital into solar energy assets on their behalf. “If we can harness dreams, we can accomplish anything. But first, we need to create a vehicle to get there,” said Mr. Horwitz during his acceptance speech on Thursday night.
Under Mr. Horwitz’s leadership, Sol Systems firm has facilitated financing for nearly 100 MW of solar energy assets across the United States, and currently has executed term sheets in place for another 84.5 MW of solar deals through its tax structured investments, project purchases, and debt financing product. Together, that’s enough solar to power 13,929 homes. Last year, the company was named #2 in fastest growing companies in D.C. per Inc. Magazine‘s prestigious Inc. 500 list.
The EY Entrepreneur Of The Year™ has honored the leadership of such entrepreneurs as Howard Schultz of Starbucks Coffee Company, Pierre Omidyar of eBay, Inc., and Mindy Grossman of HSN. Recent US national winners include Reid Hoffman and Jeff Weiner of LinkedIn; Hamdi Ulukaya, founder of Chobani; and 2013 winner Hamid Moghadam, CEO and Chairman of Prologis.
As a Greater Washington award winner, Mr. Horwitz is now eligible for consideration for the Entrepreneur Of The Year 2014 national program, which will be decided in Palm Springs, California, on November 15, 2014. The awards are the culminating event of the EY Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.
About Sol Systems
Sol Systems is a renewable energy finance firm that provides secure, sustainable investment opportunities to investor clients, and sophisticated project financing solutions to developers. Founded in 2008, Sol Systems focuses on meeting the industry’s most critical solar financing needs, including tax structured investments, capital placement, debt financing, and SREC portfolio management. To date, the company has facilitated financing for thousands of distributed generation solar projects and hundreds of millions in investment on behalf of Fortune 100 corporations, utilities, banks, family offices, and individuals.
About EY Entrepreneur Of The Year™
EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.