Developers, large and small, supply Hanergy America with its projects. Hanergy America buys or co-develops projects that are ready for construction. Basic requirements for Hanergy America to enter into a transaction are:
- Signed revenue contracts that can support a bank loan. These include a Power Purchase Agreement (PPA) and a Purchase Agreement for any Solar Renewable Energy Credits (SRECs) that the project may produce. Both types of agreements must be issued from Investment Grade Counter-Parties.
- Signed Interconnection Agreement, if one is needed for the project to produce revenue.
- Signed Land or Roof Lease or Purchase-Option Agreement.
- Valid Permits, which can vary by location. Theses permits may include Conditional (Land)Use Permits, Zoning Variances, and Construction Permits. Note that a Conditional Land Use permit may require an Environmental Impact Report to be completed.
- A project that can use Hanergy thin-film panels. These panels are low-cost and operate especially well in high temperature, high humidity, or low direct light conditions. Hanergy panels create even more value for projects where site space is unconstrained and cost/area is relatively low.
Developers or brokers who are interested in selling projects to Hanergy America should contact Songyu He, Hanergy America's Chief Commercial Officer.
Hanergy Finances its projects using:
- Hanergy Equity.
- Debt (bank loans) from financial institutions and private investors.
- Tax Equity, which is an equity investment from companies who are trying to reduce their tax liabilities through a special IRS Tax Credit for Solar Energy. More information about Tax Equity.