S-Energy contracted Gehrlicher Solar America, a leading engineering, procurement and construction (EPC) firm, to install over 7,000 S-Energy PC8 72-cell modules at 12 school facilities within the Lynwood Unified School District. Another 4,400 S-Energy high-performance solar modules were installed at 6 school facilities within the Bassett Unified School District in the City of La Puente.
The solar installations will offset more than 50% of each school’s electricity usage and will ensure a constant, low-cost source of clean energy via a power performance agreement between S-Energy America and the School Districts. Key Equipment Finance, a division of KeyBank National Association, provided additional financing for the project.
“The solar panels that are now at many of the schools within our district are not only a commitment to the environment in which our families live,” said Peter Wong, Chief Business Official of the Lynwood Unified School District.
They also help fulfill our goal to lower operational costs and put more of our taxpayer’s funds directly into the classroom.
“S-Energy’s high quality products and strong financial standing make them a natural partner to collaborate with on solar project funding,” said Luis Gutierrez of Key Equipment Finance.
We were able to work together to provide an extremely attractive lease rate based upon the financial standing of its parent company and merits of the underlying projects.
S-Energy Co., Ltd., formed as a spin-off of Samsung Electronics, is one of the global solar industry’s oldest and most experienced module manufacturers – continuously building PV modules since 1994. The Company’s reputation for industry-leading quality and long-term performance is backed by 20 years of field operating data. S-Energy’s project development activities include building some of the world’s first megawatt scale solar power plants dating back to 2006.