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REC Solar Appoints New CEO

published: 2016-08-25 17:31

REC Solar appoints Matt Walz as the new chief executive officer on August 24. His experience will help REC Solar build further strategic partnerships with Duke Energy for the company’s commercial customers.

Walz was a member on REC Solar’s board of directors while working at Duke Energy. Walz’s appointment is an extension of Duke Energy’s commitment to provide affordable and accessible energy solutions to REC Solar’s commercial customers.

“Our customers want an energy partner that understands the unique needs of both small and large businesses and is able to provide simple, affordable and customized solutions,” said Walz. “As CEO, I am bringing together the nearly two decades of solar experience at REC Solar with Duke Energy’s more than 100 years’ experience serving customers’ energy needs.”

The Solar Energy Industries Association (SEIA) notes that challenges remain in providing competitive financing for smaller companies without credit ratings. Under Walz’s leadership, REC Solar and Duke Energy will jointly provide secure financing options as well as technology supports for customers, helping customers save money and generate onsite solar power.

Duke Energy acquired its majority interest in REC Solar in 2015 and committed to invest up to US$225 million in commercial solar projects developed through REC Solar and supported by long-term power purchase agreements. This is bridging the gap between customer demand for and access to fast financing, reliable service and comprehensive energy solutions.

In addition, Walz will establish REC Solar a network of strategic partnerships with trusted energy companies to accelerate its value to customers. These companies include Channel partner program and Enterprise solutions group.

“REC Solar is focused on growing partnerships and deploying affordable financing to meet the specific needs of commercial customers who want more options, not fewer. We’re a partner that truly understands the business of energy generation,” added Walz.

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