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Kingspan Enters into the US Commercial Solar Market

published: 2015-04-24 13:52

The solar energy sector has been rapidly growing and transforming in the U.S., and Kingspan Group plc from Ireland does catch up with this trend. Kingspan Energy®, the U.S. launch of Kingspan Group, is established to offer end-to-end solar PV installations to the commercial and public sectors, including feasibility, design, installation, and financing.

Kingspan Energy is the latest investment in the United States by Kingspan Group, a $2.5 billion dollar publicly traded company with almost 7000 employees worldwide. Known as a global leader in high performance building materials and solar integrated building envelopes, the company has over 2000 employees and 10 manufacturing facilities across the United States. The company began marketing its services in the U.S. in late 2014

"We see great long-term potential in the American solar energy market," says Ralph Mannion, president of Kingspan Energy. "There is tremendous opportunity for us to not only grow as a company, but to bring solar energy to previously overlooked customers in the United States."

Primarily focused on the 150kW to 5MW market, Mannion says Kingspan's key strategy is to focus on those who have been unable to access solar energy due to the restrictive nature of the financing options currently available on the market. In other word, the main purpose at this stage is to remove obstacle of credit.

"Our goal is to make solar available to a wider range of organizations, many of whom may have been unable to install financed rooftop solar in the past," says Mannion.

Kingspan Energy has global experience in financing, and Mannion regards such experiences a crucial component in unlocking the border U.S. commercial rooftop PV market, which has trailed the residential and utility scale markets in recent years. The experience also brings the company certain unique mechanism for the U.S. commercial solar market.

(Photo Credit: Kingspan Energy)

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