First Solar SolAmerica

SolAmerica Energy procures 205 MW of First Solar’s American Solar Modules

February 7, 2024

 

SolAmerica Energy procures 205 MW of First Solar’s American Solar Modules

First Solar to supply responsibly produced, advanced solar modules for US distributed generation projects

Atlanta, Georgia, February 7, 2024 – SolAmerica Energy, LLC has entered into an agreement to procure 205 megawatts (MW)DC of high-performance, responsibly produced Series 6 Plus and Series 7 thin film solar modules from First Solar, Inc. (Nasdaq: FSLR). The deal was booked prior to the release of First Solar’s Q3 2023 earnings, and the modules are scheduled to be delivered in 2024 and 2025.

Atlanta-based SolAmerica Energy intends to deploy these modules across a portfolio of community solar projects, three commercial and industrial projects, and a portfolio of projects that will supply municipal utilities and electric cooperatives.

“We are excited to announce the expansion of our commercial relationship with First Solar and in turn, our commitment to US-developed and responsibly produced solar technology”, commented Tully Blalock, CEO, SolAmerica Energy. “These modules will be deployed in projects across the country, including the Midwest, where the majority of the modules in the agreement are manufactured. SolAmerica is all-in on buying American solar and this agreement is the centerpiece of that commitment.”

First Solar’s responsibly produced, advanced thin film photovoltaic (PV) modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. The company’s solar modules have the lowest carbon and water footprint of any commercially available PV module today, and it’s the first PV manufacturer to have its product included in the Electronic Product Environmental Assessment Tool (EPEAT) global registry for sustainable electronics.

“First Solar is proud that SolAmerica Energy has selected our technology,” stated Dana Kennard, Director, Business Development, First Solar. “By powering their near-term pipeline with American innovated and manufactured solar, SolAmerica Energy is directly supporting US manufacturing and the domestic solar supply chain.”

First Solar is the largest solar manufacturer in the Western Hemisphere, with approximately 6 GW of operational, fully vertically integrated nameplate capacity in the US. The company has embarked on an expansion strategy that is forecast to grow its footprint to 14 GW of nameplate capacity in the US and 25 GW globally by 2026. In addition to its third Ohio factory, commissioned in 2023, First Solar anticipates further expanding its footprint in the state by 0.9 GW while building new manufacturing facilities in Alabama and Louisiana, each with an expected annual nameplate capacity of 3.5 GW.

About SolAmerica Energy:

SolAmerica Energy is a leading provider of turnkey solar energy and storage solutions, based in Atlanta, Georgia. We develop, engineer, construct, own and operate ground-mount, rooftop, and parking canopy solar systems designed to meet the distributed generation needs of utilities and large commercial and industrial facilities. We rely on best-in-class materials, operational excellence, on-time execution, and highly competitive pricing. Since our founding in 2009, SolAmerica has developed or constructed hundreds of megawatts of solar projects across the country. Our clients include some of the nation’s largest utilities and independent power producers.

SolAmerica Solar Industry

AB CarVal Completes Acquisition of SolAmerica Energy

March 24, 2023

FOR IMMEDIATE RELEASE – Atlanta, Georgia, March 24, 2023 – Funds managed by AB CarVal Investors L.P. (AB CarVal) have acquired 100% of SolAmerica Energy Holdings, LLC (SolAmerica), an industry leader in the development, engineering, and construction of distributed generation solar power and energy storage projects. SolAmerica has successfully developed or constructed projects in 15 states and is actively developing solar power and storage projects in 19 states. AB CarVal is an established investor in clean energy projects globally.

Tully Blalock, who was promoted to serve as SolAmerica’s CEO effective January 1, 2023, and the existing SolAmerica management team will continue to lead the company following the sale. “AB CarVal has a strong reputation as a clean energy partner and investor across the U.S. and abroad,” said Blalock. “Our team is excited to have a partner with such financial strength and expertise in clean energy to help SolAmerica accelerate its delivery of low-cost solar power to local communities and businesses across the country.”

“Clean energy is the fastest growing source of new energy in the U.S. today. Within the sector, solar power and storage has grown rapidly and we are pleased to provide funding to SolAmerica at this stage in their growth plan,” said Jerry Keefe, principal at AB CarVal. “SolAmerica helps us strategically approach new opportunities in this market and with the team they have in place is well-positioned to play a strong role in the clean energy transition.”

About SolAmerica

SolAmerica is a leading provider of turnkey solar energy and storage solutions. The company specializes in the development and engineering, procurement, and construction (EPC) of ground-mount, rooftop, and parking canopy solar systems designed to provide solar energy to utilities, communities, and large commercial and industrial facilities. SolAmerica relies on substantial industry expertise, best-in-class materials, operational excellence, and highly competitive pricing. Since its founding in 2009, SolAmerica has developed or constructed hundreds of megawatts of solar projects in 15 states and over 100 counties. For more information, please visit  www.solamericaenergy.com.

About AB CarVal

AB CarVal is an established global alternative investment manager. Since 1987, AB CarVal’s team has navigated through ever-changing credit market cycles, opportunistically investing $142 billion in 5,675 transactions across 82 countries. Today, AB CarVal has approximately $16 billion* in assets under management in corporate securities, loan portfolios, structured credit and hard assets. Since 2017, AB CarVal has deployed over $3 billion in clean energy investments. For more information, please visit www.abcarval.com.

SolAmerica

Tri-County EMC and SolAmerica Energy Unveil 4.1 MW PV Solar Project in Putnam County, Georgia

September 15, 2021

 

GRAY, GA and ATLANTA, GA, September 15, 2021 – With support from Putnam County and local landowner and renewable energy advocate, David Erickson, as well as First Solar, Tri-County EMC and SolAmerica Energy successfully completed design and development of the 4.1 MWdc “Putnam Erickson 2” PV Solar Project within six months from initial discussions, and are on track to complete construction, interconnection, and commissioning next month. First Solar supplied the PV modules, SolAmerica Energy is the project’s long-term owner and operator, and Tri-County EMC will purchase the clean energy it generates through a power purchase agreement.

“As a locally-owned electric cooperative, we are committed to investing in the communities that we serve. So when SolAmerica approached us about partnering with them on a project within our service area in Putnam County, we saw it as an ideal fit,” said Ray Grinberg, CEO of Tri-County EMC. “This locally-produced solar energy will allow us to continue to diversify our fuel mix by providing low-cost solar energy for the next 25 years.”

“From the beginning, it was clear that Tri-County EMC leads by example. Their focus on economic development, renewable energy, and a resilient distribution system was a constant motivation for the SolAmerica team,” said Stan Allen, CEO of SolAmerica Energy. “We are proud to be part of Tri-County EMC’s extended family, and we look forward to working together again in the future to develop more high-quality solar energy projects in their service area.”

“This collaborative approach to project development demonstrates how clean energy projects unlock value at every level”, commented Jatin Khanna, Manager of Distributed Generation at First Solar. “We are proud to be powering Putnam Erickson 2 with technology designed and developed here in the United States.”

About SolAmerica Energy:
SolAmerica Energy, LLC is a leading provider of turnkey solar energy solutions, based in Atlanta, Georgia. It specializes in the development and the engineering, procurement, and construction (EPC) of groundmount, rooftop, and parking canopy solar systems designed to meet the distributed generation needs of utilities and large commercial and industrial facilities. It relies on best-in-class materials, operational excellence, on-time execution, and highly competitive pricing. Since its founding in 2009, SolAmerica has developed or constructed hundreds of megawatts of solar projects in 11 states and over 100 counties. Its clients include some of nation’s largest utilities and independent power producers.
www.solamericaenergy.com

About Tri-County EMC:
Tri-County EMC is a community-focused electric cooperative created to efficiently deliver affordable, reliable, and sustainable energy to more than 22,000 meters, serving homes, businesses, farms, and schools. Chartered in 1939 by a group of rural farmers in middle Georgia, the cooperative continues to serve members in portions of Baldwin, Jones, Putnam, Bibb, Jasper, Morgan, Twiggs, and Wilkinson counties. A dedication to cooperative principles and a commitment to responsible corporate citizenship keeps Tri-County’s directors and employees resolved to community involvement, leadership, and economic development. Tri-County EMC is headquartered in Gray, Georgia, with a secondary office in Eatonton, Georgia.
www.tri-countyemc.com

3 MW Murray County Solar Farm.
SolAmerica

SolAmerica Energy and Safari Energy Complete 43 MW Solar Project Portfolio in Georgia

August 4, 2020

Thirteen distribution-scale projects interconnected as part of Georgia Power’s Renewable Energy Development Initiative

ATLANTA, GA, August 4, 2020 – SolAmerica Energy and Safari Energy have successfully completed development, construction, and commissioning of thirteen solar projects in Georgia totaling 43 MW of generation capacity. SolAmerica developed, engineered, and constructed the projects, and Safari Energy, a wholly owned subsidiary of PPL Corporation, will be their long-term owner and operator.

Landowners, neighbors, and local governments in eleven counties worked in collaboration with SolAmerica and Safari Energy to bring these projects to completion, securing low-cost clean energy for ratepayers, spurring economic development, and increasing the tax base.

“Throughout the development and construction process, our team worked efficiently and tirelessly to surmount any hurdles we encountered to successfully develop and construct this portfolio,” said R. Stanley Allen, CEO of SolAmerica Energy. “Along the way, Safari Energy proved to be a strong partner committed to completion and operation of high-quality renewable energy projects. We look forward to working with Safari again to develop even more solar projects in Georgia.”

“SolAmerica has been an incredible partner throughout the process of getting this solar portfolio up and running in Georgia. This is a great example of Safari Energy working with a solar developer to provide project funding and to operate the renewable energy projects upon completion. In the past year alone, our solar asset acquisition business has acquired over 100 MW and we now own assets in seven states from coast to coast. We’re looking forward to working on more solar acquisitions with great partners like SolAmerica,” said David Heyman, CEO of Safari Energy.

The thirteen solar projects in this portfolio will provide energy directly to Georgia Power through long-term power purchase agreements under Georgia Power’s Renewable Energy Development Initiative. Click here for a photo from the project portfolio. 

About SolAmerica Energy: 

SolAmerica Energy, LLC is a leading provider of turnkey solar energy solutions, based in Atlanta, Georgia. It specializes in the development and the engineering, procurement, and construction (EPC) of ground-mount, rooftop, and parking canopy solar systems designed to meet the distributed generation needs of utilities and large commercial and industrial facilities. It relies on best-in-class materials, operational excellence, on-time execution, and highly competitive pricing. Since its founding in 2010, SolAmerica has developed or constructed over 150 MW solar projects. Its clients include some of nation’s largest utilities and independent power producers. www.solamericaenergy.com

About Safari Energy

Safari Energy, LLC is the solar partner of choice for commercial and industrial customers, real estate owners, public sector organizations and solar developers seeking competitive financial solutions for their projects. Headquartered in New York City, Safari Energy has helped customers unlock enormous economic value and drive significant energy savings by developing more than 350 solar energy projects in 24 states from Massachusetts to Hawaii. With extensive interdisciplinary expertise, Safari supports the growth of distributed energy resources and PPL Corporation’s focus on advancing a sustainable energy future. www.safarienergy.com

For More Information Contact: 
Steve Butler – 404.925.8403 
sbutler@solamericaenergy.com

SolAmerica

SolAmerica Energy Stands With Black Lives Matter and the African American Community

June 17, 2020

FOR IMMEDIATE RELEASE – Atlanta, Georgia, June 17, 2020 – SolAmerica Energy announces its support for Black Lives Matter, for its neighbors, friends, and loved ones in the African American community, and for the families of Rayshard Brooks, George Floyd, Ahmaud Arbery, Breonna Taylor, and all those who have suffered in the face of racism. The world’s attention has been long focused on America, and Atlanta in particular, as we struggle to live up to the promise of the civil rights movement. Our city’s history and the examples set by her many civil rights legends compel us to act. We stand together with our fellow citizens and all who promote positive change in our community.

“The entire SolAmerica Energy team stands with the mission and principles of Black Lives Matter and our local Atlanta leadership. They play a vital role in the global conversation on race relations and our future as a nation,” said CEO Stan Allen. “We are encouraged to see so many Atlanta businesses join together in support of our African American community and other minorities. We urge the Georgia General Assembly to pass hate-crimes legislation and take a stand against hate crimes to protect all of our citizens.” 

Atlanta’s business community has a responsibility to demand better protections for our minority citizens from hate crimes. It is the right thing to do, and SolAmerica Energy and its employees wish to add their voices to the effort in the hope that the resulting dialogue can lead to a productive change for both Georgia and America. To join the growing movement of businesses and business leaders who support passing hate crimes legislation in Georgia, please visit https://www.passhatecrimesga.com.

For More Information Contact:
Steve Butler – 404.925.8403 
steve@connectpublicrelations.net

Solar Industry

Osaka Gas USA to invest in US solar project developer, SolAmerica Energy

March 16, 2020

Osaka Gas USA to invest in US solar project developer, SolAmerica Energy

 

Osaka Gas USA (OGUSA) has agreed to invest in SolAmerica Energy, a U.S. distributed solar energy project developer and Engineering, Procurement & Construction firm. Founded in 2009, SolAmerica Energy has developed and constructed more than 100 MW of solar projects across the eastern half of the United States.

 

Renewable energy represents a growing share of the U.S. power generation mix, and demand for both on-site and small utility-scale distributed solar and storage projects is expected to increase in the coming years as customers and utilities increasingly benefit from these solutions.

 

This marks OGUSA’s first investment in the U.S. renewable energy space and will expand OGUSA’s power portfolio in North America, further accelerating the business growth of OGUSA along with its other U.S. IPP projects as well as Freeport LNG and shale development business. With this investment, OGUSA expects to rapidly grow SolAmerica Energy’s business in both new and existing markets, with an increasing focus on solar-plus-storage, community solar, and commercial and industrial behind-the-meter solar projects to meet its growing customer demands.

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