"Soltas Energy's investment gives the strategic capability we need to grow and create jobs and contribute to a healthier environment. We are in a very strong position to expand in the rapidly growing solar installation market in New Jersey and beyond," says Sunergy President and Co-Founder Bruno D'Uva.
The companies did not release further details of the deal.
Soltas Energy was launched earlier this month by New York-based private equity firm Barron Partners LP as an initiative designed to consolidate Barron Partners' existing regional solar developers.
Soltas now has majority stakes in Choice Solar Solutions Inc. of Nashville, TN; Sunergy America of Wall, NJ; and Aegis Solar Energy Inc. of Branford, CT.
