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