On December 12, REC, a leading European brand of solar panels under Bluestar, announced to partner up with CleanFund Commercial PACE Capital in the United States and take part in the implementation of the SolarPACE? project, a long-term financing project in the solar energy sector to help American commercial and industrial property owners use solar solutions.
A long-term financing service provider in the United States, the CleanFund Commercial PACE Capital is focused on energy efficiency, water conservation, renewable energy and seismic strengthening and has long been committed to providing clean energy solutions for commercial, residential and other non-residential properties. With its rich expertise in commercial real estate, finance and renewable energy, it provides financing services for property owners in 33 states and the District of Columbia in the United States via the Property Assessed Clean Energy (PACE) financing structure, allowing owners to repay the investments in energy-efficient renovation and new energy-efficient solutions to their buildings with the property’s tax bill.
According to the partnership agreement, REC can provide its PV module, a frequent award winner, to the clients of CleanFund while the latter can provide customized 100% financing solutions to REC’s clients, so as to jointly propel the development of solar PV power generation in the United States with mutual benefits.
According to Brandon Deno, Vice President for Solar of CleanFund Commercial PACE Capital, “As the financing service provider, we have the responsibility to make sure that the project meets the highest standard and uses the best equipment available. REC is a leading manufacturer of premium PV modules, has a proud track record in business performance and is our first-choice partner in this sector.”
REC’s Chief Commercial Officer (CCO) Stephan Herkert was glad to work with such a leading commercial financing agency in the United States to jointly accelerate the development of solar PV power generation in the country. The partnership will allow both parties to provide more comprehensive solar technologies and financing schemes to their clients and give clean energy a bigger role in the human life and environmental protection.