Solar Services Provider to Partner with Military Housing Developers on $1B Project
- September 8, 2011
SolarCity, a national provider of solar power design, financing and installation services, plans to partner with the developers of military housing privatization projects to install, own and operate up to 160,000 rooftop solar installations on as many as 124 military housing developments across 33 states.
The “SolarStrong” project likely will include installing rooftop photovoltaic systems on other privatized buildings on military installations as well, such as community centers, offices, maintenance buildings and warehouses. The effort is expected to create more than $1 billion in solar projects and 371 megawatts of new solar generation capacity and, as a result, help DOD secure its energy needs from renewable sources independent of the utility grid.
The initiative could double the number of residential solar photovoltaic installations in the nation.
The first SolarStrong project — a collaboration between Lend Lease and SolarCity — already is underway at Hickam Communities at Joint Base Pearl Harbor-Hickam in Hawaii. When completed, that project will provide renewable energy to more than 2,000 military family homes.
The effort will be supported by the Energy Department, which last week announced it is offering a conditional commitment for a partial guarantee of a $344 million loan to help secure financing for the project. USRG Renewable Finance, a subsidiary of U.S. Renewables Group, will serve as the lead lender for the project in partnership with Bank of America Merrill Lynch.
SolarCity hopes to fill as many of the jobs as possible with U.S. veterans and military family members. Read the story in the Sacramento Bee.