The projects will range from 1 MW to 10 MW or larger, and will typically involve competitive bids to local and regional utilities.
“There are significant utility-scale solar opportunities in the U.S. Southeast and this partnership will provide a strong, proven platform to put forward competitive bids,” said Myke Clark, CEO of Solar Alliance. “Solar Alliance and Abundant are currently assessing several utility-scale opportunities and this partnership will allow us to provide cost-competitive, turnkey solar systems. We’re thrilled to partner with Abundant and work with them to deliver long-term, recurring revenue streams by targeting power purchase agreements with large utility companies.”
In this partnership, Solar Alliance is responsible for utility communication and relationship management, design and engineering, materials procurement and construction. Abundant will be responsible for identifying and securing sources of tax equity and non-recourse project debt, project design oversight and bid pricing.
“Solar Alliance has a strong presence in the U.S. Southeast, and we are pleased to bring our large-scale project development and finance experience to this partnership,” said Richard Lu, Abundant CEO. “Our two companies have developed a strong relationship and this agreement allows us to provide a strong turnkey solar solution to utilities that are making the switch to renewable energy.”
News item from Solar Alliance