California, United States [RenewableEnergyWorld.com] Solar Power Partners Inc. (SPP) has placed 19 new solar energy projects with a total capacity of 7.7 megawatts (MW) into service. The projects will provide solar power to a variety of customers, including several corporate clients, three universities, two healthcare facilities, a water district, a wastewater treatment facility and a public school.
The projects were built by SPP Fund II LLC, through which SPP will act as the general partner and provide asset management services. Financing of the projects was provided by Bank of America in the form of a tax equity investment and Energy Investors Funds through their United States Power Fund III L.P. This new capacity comes in addition to the 5.1 MW that SPP has already commissioned through SPP Fund I.
“SPP is a quality developer and asset manager in the commercial solar PPA market, which is evidenced by this most recent placement of 19 [solar energy farms],” said Brian Tracey, a Bank of America tax credit executive. “We are pleased to have the opportunity to work with this company to expand the use of renewable solar energy in the United States.”