The expanded features of this facility are intended to address the needs of the marketplace; namely, challenges faced by existing contract holders in getting projects built due to funding issues and/or building integrity issues.
We have had great success in helping existing FIT contract holders implement their projects; our non-recourse debt combined with an 18 year term, fixed interest rate and quick credit approval process has proven to be an attractive offering in the marketplace said Curtis Chandler, Director, Blackstone Energy Solutions Inc. However, we have come across many individuals, companies and developers who have FIT projects in hand that cannot be completed due to a combination of financial and building issues. By expanding our offering, we feel we can help the marketplace implement projects that may otherwise not get built.
Blackstones services are designed to accommodate rooftop projects greater than 100kW. Blackstone will work with individuals or companies that have FIT contracts in hand looking for a turnkey installation and financing solution. In addition, Blackstone can help developers with their projects. In fact, Blackstone joint venture with existing FIT contract holders by participating in project equity requirements.
We have structured our business model and our financing options to accommodate those who want to own their projects (end users) as well as the developer community looking to joint venture. We encourage FIT contract holders to contact us for details on how we can help. We are confident that these additional elements to our offering make our funding facility a very attractive and lucrative option.
