A collaboration between renewable energy solutions provider UGE, energy financer Blue Sky Energy Efficiency and real estate company JLL has resulted in the three companies signing an agreement to market and deliver a solar rooftop package deal offered to small businesses in China.
The package will seek to lower the upfront financial barriers to installing a rooftop solar PV system by offering affordable deals including zero-down installations and power purchase agreements (PPAs) to the growing Chinese small scale market.
Closing in on an annual installation rate of 17.8 GW of solar PV capacity in 2015, Chinas thirst for solar energy is growing. The National Energy Administration (NEA) has placed keen emphasis on increasing the amount of distributed generation (DG) solar in the mix, and will likely welcome any such financial package that makes rooftop solar more affordable for commercial and industrial entities in China.
"Growth of this model, which includes opportunities for zero-cost solar installation and reliable power, is gaining momentum in China," said JLL head of energy and sustainability services for north Asia Matthew Clifford. "We look forward to introducing the benefits of this model to our clients, aligning with Chinas goal to boost the use of solar power."
Rosie Pidcock, UGE senior business development manager, said that commercial clients in China are keen on adopting solar power to reduce their carbon footprint and to save money. "This package can help them do both."
UGE has previously provided a PPA facility for Beijing-based Redwood Group, installing a 248 kW system on a 20-year PPA.