Solar Power Partners Inc. (SPP), a commercial developer of distributed solar energy facilities, says it has placed into service 19 new facilities with a total capacity of 7.7 MW. This new capacity 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 solar facilities have been constructed by SPP Fund II LLC. SPP will act as the general partner and provide asset-management services. Financing of the projects is being provided by Bank of America in the form of a tax equity investment and energy investors funds through its U.S. Power Fund III LP.
SOURCE: Solar Power Partners
