OneRoof Energy Getting $12.5 Million Financing for Rooftop Solar

OneRoof Energy Group Inc., which provides solar-energy services in seven states, is receiving $12.5 million in financing to expand in the U.S.

GoldenSet Capital Partners arranged the loan, which will mature in three years and carries an annual interest rate of 15 percent, OneRoof said in a statement Thursday.

“This funding facilitates our expansion to the Northeast, a region that was especially hit hard by electricity demands this past winter,” Chief Executive Officer David Field said in the statement.

The company, based in Toronto, serves customers in Arizona, California, Connecticut, Hawaii, Massachusetts, New Jersey, and New York.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE