Suniva strikes financing deal with Technology Credit Corporation

Share

Atlanta, U.S.-based high efficiency crystalline solar cell manufacturer Suniva has joined forces with financial firm Technology Credit Corporation (TCC) to devise a funding solution for would-be solar customers.

The partnership sees TCC – which is one of the largest providers of small commercial financing option in the U.S. – offer Suniva customers and integrators an innovative financing approach. Small- and medium-size commercial businesses in the state can secure leases and power purchase agreements (PPAs) from TCC, with the end goal being that the customer eventually owns the solar system, which is provided by Suniva.

"The U.S. solar market continues to experience rapid growth, and in an effort to maintain this momentum with our diverse customer base, Suniva has partnered with TCC to help provide applicable customers with innovative financing options," said Suniva VP for global sales and marketing Matt Card. "TCC’s expertise in providing financial packages allows us to expand the customer segments to which we sell while yielding a cash-positive solution for our customers; this is a win-win situation."

TCC's VP of business development, Mark Schmidt, added that the company is extremely excited by its new partnership with Suniva, stating: "It gives us an opportunity to finance superior quality solar panels, made in the U.S. by a manufacturer that has an excellent reputation for reliable delivery.

"We believe that the high-quality, Made-in-the-USA story will be extremely attractive to our target customers: community non-profit organizations such as schools, houses of worship, homeowners associations, and health service providers."

Suniva's domestic strength – to which TTC alludes – has recently been bolstered by the expansion of its manufacturing facilities in Saginaw, Michigan. Suniva currently employs a higher percentage of American workers than any other tier 1 solar manufacturer in the U.S.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.