We are pleased to announce that Sustainable Capital Finance (SCF) has formalized its multi-year collaboration with NextEra Energy Distributed Generation, a subsidiary of NextEra Energy Resources, LLC. The joint development agreement will provide power purchase agreement (PPA) & takeout solutions for targeted commercial, industrial, municipal, school and non-profit solar projects, with rated and unrated off-takers. The initiative will be focused on projects as small as 100kW to as large as 20MW.
SCF’s proprietary software will be used to streamline the pricing, due diligence, acquisition, development, aggregation and funding process, while utilizing NextEra Energy Resources engineering, construction and asset management competencies. SCF and NextEra Energy Resources plan to acquire and operate approximately 200MW of solar assets, in a move that will help bolster a fast-growing sector of solar.
Shiraz Madan, CEO of SCF, shared the following: “we’re very excited to work with the NextEra Energy Resources team. SCF’s focus has always been the often overlooked small C&I niche. This collaboration shows how far we’ve come as an industry and how serious we are about serving this market. Our developer and installer partners have access to reliable and efficient financing for their off-takers, which is vital for our industry.”
Rob Sternthal of Rubicon Capital Advisors was the lead advisor to SCF on the agreement.
Contact Dan Holloway at SCF to discuss C&I PPA solutions: dholloway@scf.com
