Well-known and trusted solar companies SolarWorld and REC Solar jointly announced a new partnership program for developing commercial solar projects ranging from 50kW to 2MW.
Under terms of the partnership, REC Solar will provide financing, procurement and other services for SolarWorld to install commercial PV projects. Both companies will collaborate to streamline credit underwriting, contracting, procurement and financing process to accelerate the developments.
“SolarWorld and REC are industry leaders with a shared commitment to quality,” said Ryan Stepp, director of channel and partner sales for REC Solar. “We are excited to be extending our relationship with SolarWorld and bringing the benefits of solar energy to more businesses across the U.S.”
The program suggests qualified SolarWorld installers of having access to project financing from REC Solar’s fund of US$225 million, which is guaranteed by Duke Energy, the majority-owner of REC
In addition, the program includes origination and proposal support, project-management services, discounted procurement of cost-competitive solar panels made by SolarWorld and others, fast-track credit underwriting, and online and on-site training to guide installers in closing and completing commercial project.
“Together, we are resolved to help our installation partners enjoy access to the widest possible range of projects while saving them time and reducing their costs,” said Mukesh Dulani, U.S. president of SolarWorld. He added that it will ease the way for its installers to develop commercial projects by working with REC Solar.