Kyocera Solar, Inc., has joined Connecticut clean energy fund Healthy Planet Partners (HPP) to provide an end-to-end solution they say will result in a lowering of capital costs for solar developers and benefit power purchase agreement (PPA) customers.
The companies say their end-to-end solution for developer and EPC partners covers everything from assistance with origination, technical and financial feasibility analysis to construction and long-term financing.
Kyocera said "HPP's experienced finance team" had "the ability to quickly evaluate and commit to financing a project" while using its own experience to provide technical support, including site and system evaluation, construction management, ongoing operations and maintenance in addition to its top-rated PV modules.
"Working together, Kyocera and HPP leverage their respective areas of expertise in both financing and system design and implementation to minimize risk, said Kyocera Solar, Inc., President Steve Hill. "This benefits everyone involved from a financial standpoint because it provides a lower cost of capital, thus creating a competitive advantage for developers and installers, and making the cost of solar lower for our customers."
Kyocera and HPP inaugurated their partnership with a recently announced solar project for the Seattle Mariners' spring training camp in Arizona. The companies also have future projects planned.
"Healthy Planet Partners and Kyocera are extremely focused on the drive to make solar an affordable and mainstream energy source, said HPP Managing Partner Michael Richter.
Kyocera began its downstream project development and finance activities in 2013 with a PPA for the Madison School District in Arizona, continuing with the Somers Solar Center in Connecticut and a tax equity investment with U.S. Light Energy in New York state. Together, these projects exceed 17 MW-dc.
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