Solar + storage provider unveils new financing structure for C&I, community solar projects
Solar PV module manufacturer and energy storage provider Q Cells has unveiled a new financing structure to boost value in C&I and community solar projects.
The company announced an investment into a solar + storage portfolio developed by Amped Solutions through its new ‘Grid Equity’ financing structure. Under the framework, Q Cells will provide capital investment in exchange for the rights to future grid services revenue expected to be generated by the portfolio in California.
“As part of our growing suite of complete energy solutions, we’re excited to offer our customers and partners investment capital under a new Grid Equity structure,” said Shane Kim, president of Q Cells North America. “We believe it can be a valuable co-development tool to help them boost the economics and bankability of their solar-plus-storage projects.”
Amped Solutions, meanwhile, will maintain ownership of systems and all other revenue streams, such as bill savings, incentives, and tax benefits, the company said.
Q Cells is a leading residential and commercial solar module manufacturer, obtaining 24.8% share of the residential market and 19.1% share of the commercial market in FY 2020, according to a report by Wood Mackenzie Power & Renewables.
Source: Renewable Energy