One of the nation’s largest bank-held equipment finance companies – Key Equipment Finance – just announced that it’s financing 16 of our community solar projects in Massachusetts. We are working with ENGIE, a global energy developer focusing on responsible growth and the challenges of the energy transition to a low-carbon economy, to develop the Massachusetts arrays.
“Key Equipment Finance’s partnership has allowed CEC to bring its RooflessSolar™ community solar options to more Massachusetts customers, giving them greater choice in how they meet their power needs,” said Tom Sweeney, CEC’s president of renewables. “Funding community solar projects can be a very complicated and capital-intensive process, and we are proud to be collaborating with Key Equipment Finance and ENGIE to ‘uncomplicate’ clean energy access and sustain the growing energy movement in Massachusetts.”
Key Equipment Finance, CEC and ENGIE will own and operate the community solar projects and sell the energy to utilities, creating savings on electric bills for the commercial, municipal, nonprofit and residential customers.
The combined projects are adding 22.1 megawatts of clean capacity, which is equivalent to fully offsetting energy for 3,700 residential homes!
Interested in learning more? Read the full press release here.