NewWorld Capital Group invests in Maryland-based residential solar installer Astrum Solar. The investment will enable Astrum Solar to expand its operations into selected new markets across the U.S.
NewWorld Capital Group has invested in Maryland-based Astrum Solar, a residential solar installer. The company will also join Astrum’s Board of Directors. NewWorld’s co-investors in the transaction were CCM US and Constellation.
According to NewWorld, the investment will enable Astrum Solar to expand its operations into selected new markets across the United States.
Bill Hallisey, a Managing Partner at NewWorld, noted, “We are excited to be partnering with the management team of Astrum Solar and our co-investors in helping to build the residential solar industry in the United States.”
Astrum Solar President Vadim Polikov commented: “The investor groups understand the residential solar market and are positioned to support Astrum in its continuing development efforts. We look forward to a fruitful collaboration, as we jointly build Astrum into an industry leader in the enormous and rapidly growing residential solar market.”