Kyocera Solar, Inc., a provider of innovative solar power solutions, and Healthy Planet Partners (HPP), a Clean Energy Solutions Fund that finances renewable energy and efficiency projects that optimize performance in commercial buildings, today announced a strategic partnership that will result in lowering capital costs for solar developers and benefit Power Purchase Agreement (PPA) customers.
The Kyocera-HPP team provides developer/EPC partners with an end-to end solution, from assistance with origination, technical and financial feasibility analysis to construction and long term financing. HPP’s experienced finance team has the ability to quickly evaluate and commit to financing a project. Kyocera uses its 39 years of experience in the solar industry to provide technical support including site and system evaluation, construction management, ongoing operations and maintenance. In addition, Kyocera provides the only modules to earn the highest rating across all six PV module test categories in GTM Research’s July 2014 PV Module Reliability Scorecard.
“Working together, Kyocera and HPP leverage their respective areas of expertise in both financing and system design and implementation to minimize risk,” said Steve Hill, president of Kyocera Solar, Inc. “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, located in Arizona.
“Healthy Planet Partners and Kyocera are extremely focused on the drive to make solar an affordable and mainstream energy source,” said Michael Richter, Managing Partner of HPP. “HPP is very pleased to be collaborating with Kyocera on this strategic initiative; together we can empower our partners to deploy solar projects that deliver tremendous economic value and environmental benefits.”
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 17MW DC. Kyocera and HPP have future projects planned.
Kyocera is one of the world’s leading producers and suppliers of solar photovoltaic modules and systems. Throughout its 39-year history of innovation in solar technology, the company has been recognized as an industry pioneer with multiple world records in multicrystalline silicon cell efficiency. Kyocera was the only solar module manufacturer to earn the highest rating across all six PV module test categories in GTM Research’s July 2014 PV Module Reliability Scorecard. Kyocera serves thousands of residential and industrial customers in both developed and developing regions, with more than 5 gigawatts of solar collection equipment installed since 1975. Kyocera Solar, Inc. is headquartered in Scottsdale, Arizona, with regional sales affiliates in the Americas and solar module manufacturing facilities operated by Kyocera Mexicana, S.A. de C.V. of Tijuana, Mexico.
About Healthy Planet Partners, LLC
Headquartered in Greenwich, CT, Healthy Planet Partners, LLC (HPP) focuses on investments in clean energy and efficiency technologies for commercial, industrial, governmental and utility clients. The firm provides capital and expertise to help clients lower operational costs and reduce environmental impact by maximizing their facility’s performance