Flexible financing that provides 75% of the power required for several cities

The Customer:

Special Purpose Entity with a Power Purchase Agreement with a Joint Powers Agency supplying energy to two of the top 50 cities in California (top 250 in United States)

System Impact:

Expected to provide 75% of the power needs for multiple cities at a significant energy cost savings

Assets Financed:

3.6MW Ground Mount Solar PV system

Financing Solution:

Nexseer provided construction financing which rolled into a 10 year sale-leaseback to an Sponsor SPE supported by a collateral assignment of a 20 year PPA with the city