Kyocera Solar and Healthy Planet Partners (HPP), a Clean Energy Solutions Fund that finances renewable energy and efficiency projects that optimize performance in commercial buildings, together unveiled a strategic collaboration that will result in lowering capital costs for solar developers and benefit Power Purchase Agreement (PPA) customers.
The Kyocera-HPP team provides developer/EPC partners with an end-to-end solution, from assistance with origination, technical and financial feasibility analysis to construction and long term financing. HPP’s experienced finance team has the ability to quickly evaluate and commit to financing a project. Kyocera uses its 39 years of experience in the solar industry to provide technical support including site and system evaluation, construction management, ongoing operations and maintenance.
“Working together, Kyocera and HPP leverage their respective areas of expertise in both financing and system design and implementation to minimize risk,” said Steve Hill, president of Kyocera Solar, Inc. “This benefits everyone involved from a financial standpoint because it provides a lower cost of capital, thus creating a competitive advantage for developers and installers, and making the cost of solar lower for our customers.”
Kyocera and HPP confirmed their collaboration with a recently announced solar project for the Seattle Mariners’ spring training camp, located in Arizona. Kyocera began its downstream project development and finance activities in 2013 with a PPA for the Madison School District in Arizona, continuing with the Somers Solar Center in Connecticut and a tax equity investment with U.S. Light Energy in New York state. Together, these projects exceed 17MW DC. Kyocera and HPP have future projects planned.