2MW of Solar Energy Admitted into Cornell University
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High transaction costs associated with relatively smaller project opportunities pose a significant hurdle for middle market solar projects. This transaction marks Sol Systems' ongoing initiative to bring new sources of tax equity to the solar asset class and streamline financing to grow this sector.
"If not done right, placing tax equity into one-off sub-5MW deals can be challenging given transaction costs for these smaller deals," said
Building Energy was the developer and sponsor of the 6,778 panels that total 2.067 MW (DC) or 1.76 MW (AC), and will produce 2,388,357 kWh in year one. This is equal to reducing annual greenhouse gas emissions from 347 passenger vehicles, or offsetting CO2 emissions from electricity use from 277 homes for one year.
"We are proud to work in partnership with Sol Systems to secure the tax equity investment for the
In order to place the
About Sol Systems
Sol Systems is a solar energy finance and investment firm. The company has facilitated financing for 165MW and over
About
Building Energy is an independent producer of energy from renewable sources with a large portfolio of renewable plants in operation, construction and development, with a total pipeline in excess of 800MW in
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