RM Capital Partners today announced the official acquisition of ISO Solar, the island’s preeminent provider of solar engineering services and technology. This acquisition, which was publicly announced on [insert date], is a huge win for Puerto Rico’s electrical grid. In particular, it addresses the hard-hitting and long-lasting impacts of chronic power outages and dramatic increases in electricity prices.
Founded in 2013, ISO Solar has quickly established itself as a key player in the renewable energy sector. From solar design and installation to repair and maintenance, the company provides a comprehensive array of solar services. Today, ISO Solar stands behind more than 6,000 satisfied residential and commercial customers throughout the region. This achievement has done much to stoke the fire of increasing demand for sustainable and clean energy solutions.
Ralph Diaz, the newly appointed CEO at ISO Solar, underscored the significance of this partnership with RM Capital Partners. “We specifically chose to partner with RMC due to its invaluable expertise spanning solar, project finance and renewable energy, while understanding the importance of our employees and team culture as driving forces of ISO Solar’s success,” he stated.
Puerto Rico is still dealing with the legacy of its unreliable electrical grid. This circumstance for decades has stifled the island’s economic development and fiscal health. The initiative aims to ensure that hydrogen becomes a sustainable energy solution. It further aims to increase the island’s overall reliability of electricity supply.
Ohárriz, who just recently joined ISO Solar, has more than a decade of experience in solar energy and business development. His engagement is a strategic move in a larger vision to address the infrastructural crises plaguing Puerto Rico’s energy landscape. Under his guidance, ISO Solar aims to significantly reduce the frequency of power outages and lower electricity costs for residents.
The leadership at RM Capital Partners were thrilled at the prospect of the acquisition. “We are excited to expand on ISO Solar’s tremendous accomplishments by leveraging the company’s reputation, relationships, and capabilities, while further investing in people, products, services and infrastructure to capture an outsized share of the surging demand for alternative energy solutions in Puerto Rico,” they commented.
This acquisition allows ISO Solar to grow and improve its service offerings, broaden its customer base, and increase its market share within the rapidly accelerating renewable energy marketplace. With RM Capital Partners’ backing, ISO Solar is set to play a vital role in transforming Puerto Rico’s energy landscape.
