Key Equipment Finance, an equipment finance company and an affiliate of KeyCorp, has signed an agreement to finance a solar installation for a SunPower Corp. customer, the Facilities Department at Princeton University.
The system, comprising 16,500 PV panels on 27 acres, is to generate 8 million kWh per year – enough to meet 5.5% of the campus' total annual electrical needs. The university will sell the solar renewable energy credits during the term of the lease to help pay for its financing.
SOURCE: Key Equipment Finance
