Cleantech finance company De Lage Landen has finalized an agreement that will see the company’s Clean Technology Group team up with Tioga Energy to provide long-term financing for an 856kW solar project in Honolulu, Hawaii. Built for Oceanic Time Warner at its Mililani Tech Park, the project is a combination rooftop and solar parking canopy and is said to be the largest of its kind in the state of Hawaii.
The project was designed, engineered and constructed by Chevron Energy Solutions. Through Tioga’s SurePath Solar power purchase agreement platform, Tioga will own and operate the installation for the next 20 years, selling the electricity generated by the plant back to Oceanic Time Warner Cable at competitive rates.
“We are proud to be among the select partners De Lage Landen has chosen to work with in the US solar power industry,” said Paul Detering, CEO of Tioga Energy. “Their commitment to solar power and the experience of their solar tax equity financing team is reflected in the smoothness in which the Oceanic Time Warner transaction was executed.”