Development Partners
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.
Email Songyu.
Financing Partners
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.