By Greentech Lead America: Smart Energy Capital, in
partnership with INDU Solar, a joint venture formed by Integrys Solar and Duke Energy Renewables, have
completed two major solar projects for town of Prescott Valley, Arizona. The projects have a
total capacity of approximately 1.5 MW.
The installation of the projects was under the Arizona
Public Service Renewable Energy Incentive Program. This program offers financial incentives to
customers who add renewable energy systems to their homes or business. It is funded by APS customers
and approved by the Arizona Corporation Commission.
Smart Energy Capital, a solar development and finance
company, partnered with INDU Solar and Wilson Electric of Tempe, Arizona, to build the
approximately 1.5-megawatt DC ground-mount fixed tilt systems. The construction of the projects completed
within five months.
The system consists of 13,524 solar modules housed at the
town’s water pump stations and wastewater treatment plant. It will provide a significant amount of
solar-generated power over the life of the projects.
Smart Energy funded the development phase of the
projects, and a project company owned by INDU Solar funded the installation. Under the terms of a
25-year power purchase agreement, the project company owned by INDU Solar will sell 100 percent of the
electricity that the facility generates to the town of Prescott Valley at a fixed rate.
“We are excited to celebrate the completion of the
development and construction phase of Prescott Valley’s large solar energy projects and look forward to
continuing to support solar development in Arizona,” said Brian Weisman, managing partner, Smart
RGS Energy and Smart Energy Capital to offer over $150
million for solar financing
Recently, Smart Energy Capital and RGS Energy, a division
of Real Goods Solar, established RGS Energy Capital to provide development, financing and
installation process for commercial solar projects. The fund will have access to more than $150 million in
project capital from multiple project funds. RGS Energy is marketing solar power purchase agreements
(PPAs) to a range of commercial, educational, government and non-profit entities.