Tenaska Solar LLC has made an equity investment in Soltage LLC to expand the development and use of solar-generated electricity. Soltage develops, finances, installs, owns and operates solar electricity generating stations.
Soltage's photovoltaic solar systems, called Soltage Powerstations, are installed on the rooftops and property of its customers. The customer pays a fixed, discounted rate to Soltage under a long-term agreement, and any electricity that exceeds the customer's needs is sold back to the local utility. Soltage also operates and maintains the Powerstation.
‘Tenaska Solar believes Soltage has developed a sound business plan that harnesses the benefits of renewable energy in a practical and efficient manner,’ says David Kirkwood, vice president of strategic development for Tenaska.
SOURCE: Tenaska Solar
