Creative Financing of California Solar Photovoltaic Projects
GE works with SunPower on creative financing of a client portfolio of solar photovoltaics projects in California: Toyota, HP, Agilent, Lake County, and Rancho California Water District. The project portfolio
will achieve elimination of 8.5 million pounds of carbon dioxide emissions in its initial year of operation. ...
... "GE Energy Financial Services is acquiring a majority equity interest in the five solar photovoltaic projects, which SunPower will design and build, operate and maintain. GE Energy Financial Services will finance and own the systems under the SunPower Access power purchase agreement program, which allows customers to take advantage of the environmental and financial benefits of solar power with no upfront capital costs. The solar electricity will be competitively priced against retail rates, providing customers a long-term hedge against rising peak power prices. Construction of the projects is scheduled to begin in February and be completed by the end of the year. " ...Via GE Energy: CALIFORNIA SOLAR PROJECTS
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Category: General Electric / GE