sPower doubled its operating renewable portfolio from 230MW to 500MW in 2015, and plans to add an additional 700MW to it in the 2016 calendar year. During 2015, the company also brought an incremental 300MM+ of clean energy to the power grid.
“In 2015, we maintained the trust of our utility partners, developers, landowners and communities by delivering on our promises. We created meaningful jobs, and we worked diligently to usher in a sustainable energy future,” said Ryan Creamer, sPower’s CEO. “We've set the bar high for 2016 with plans to bring online another 700MW of renewable energy. With the strength of our team and our partners, we’re well positioned to achieve our goal.”
JinkoSolar and Rosendin Renewable Energy Group will be sPower’s partners to accomplish the 700MW of incremental growth goal in 2016. JinkoSolar will supply sPower with 1GW of solar panels, while Rosendin Renewable Energy Group, a national private electrical contractor, will provide EPC services for the construction of sPower’s portfolio arranged in 2016.
In addition, the growth in 2015 helped sPower tripled its balance sheet assets to US$1.5 billion. Following are sPower’s 2015 business highlights:
