Solutions For utilities
PARTNERING WITH UTILITIES; DELIVERING ENERGY SOLUTIONS
At Solar Capital Connections, we understand that not all kilowatt hours are created equally. Whether it is the output profile, cost of power, or location on the grid, utilities are keen to pursue projects meeting their high standards and withstand the test of time. All 3,200+ utilities in the US alone have distinct energy needs, priorities, and goals. Solar Capital Connections does not sell power to utilities, but partner with them to deliver high-quality energy solutions. Solar Capital Connections and its partner work with the various investor-owned, publicly-owned, cooperative, and Federal electric utilities through the following mechanisms:
Power Purchase Agreements: A Power Purchase Agreement (PPA) is a financial arrangement in which a third-party owns, operates, and maintains the photovoltaic (PV) system, and a utility agrees to purchase the system’s electric output from the solar services provider for a predetermined period. Solar Capital Connections partner has been instrumental in the development of the solar PPA, which has become the most widely used instrument in the marketplace to this day.
Build to Own: Utilities have a portfolio approach to their power supply, and as such, building their own assets substantially mitigates the risk of rising power costs. Whether it is because of their strong balance sheets, RPS compliance, or power cost risk mitigation, utilities have a need and a unique ability to build and own solar assets. Solar Capital Connections and its partner have developed, built, and financed more than 1,000+ MWs successfully, while developing up to 2,000+ MWs of wind, biomass, and solar PV, the Solar Capital Connections team has a strong track record in getting projects to the finish line.
Joint Development and Transfer Arrangements: Solar Capital Connections and its partner understand each utility has unique governance structures, power needs, and compliance rules affecting how they participate in projects. We look to partner with a utility to jointly develop, build, and transfer an asset to a utility. Solar Capital Connections creative leadership and financial flexibility translates into a solutions-oriented approach to working jointly with utilities to serve their needs.