Key Equipment Finance provides financing for community solar projects
Written By: Katherine Demetre
July 31, 2017
Key Equipment Finance (KEF) recently announced that they provided financing for 16 community solar projects across Massachusetts for Clean Energy Collective (CEC) and ENGIE.
According to KEF, the combined CEC and ENGIE projects added 22.1 megawatts of clean capacity, which is equivalent to fully offsetting energy for 3,700 residential homes.
Vikram Kulkarni, vice president, ENGIE renewables, commented:
Community solar projects enable anyone, including businesses, nonprofits, public entities, residents and even renters to ‘go green’ and save money with nothing on their roof or property. This collaborative project adds much needed renewable energy to the grid while providing the serving utilities with reliable power; ultimately contributing to a lower-carbon future.
Per the company, the 25-year lifespan of the solar systems will produce energy output equivalent to reducing 1 billion pounds of carbon dioxide.