Mill Valley, Calif.-based Solar Power Partners Inc. (SPP), a developer, owner and manager of a network of commercial solar energy facilities, has established SPP LLC2, a renewable energy fund for investing in Hawaiian commercial solar energy facilities.
SPP LLC2 is part of the company's power purchase agreement (PPA) program in Hawaii, which allows commercial building owners to access solar energy without having to invest their own capital. The maintenance and operating costs are covered by the fund, while building owners pay only for the electricity that is consumed, SPP says.
‘The PPA model is the most effective energy financing method, and now SPP is working in partnership with small and independent commercial businesses in Hawaii, making solar most affordable,’ says Craig M. Hunt, SPP's cofounder and chief executive officer. ‘Our competitive advantages and strong value proposition to all stakeholders ensure business stability and staying power.’