Premier Power signs MOU for financing U.S. solar PV projects

Premier Power Renewable Energy has signed a memorandum of understanding with REgeneration Finance to fund solar PV projects throughout the U.S. Several of the projects, which range from 250kW to 2MW, that will benefit from this arrangement are already in the development stage across California, North Carolina, New Jersey, and Pennsylvania.

The projects scheduled for financing will all be codeveloped by Premier Power and REgeneration Finance. Dean Marks, CEO of Premier Power, said, "The combination of Premier Power and REgeneration Finance will bring a unique focus to our 'distributed generation' projects, allowing us to offer our customers a fully integrated solution built on leading-edge project financing coupled with in-house, world-class execution."

"This unique combination allows us to provide 'single point certainty' on our projects, through which our customers can rely on one source for development, engineering, installation, asset management and financing. We are delighted to be working with REgeneration Finance and expect these first projects to be the first in a number of major developments that build on our combined capabilities as a leader in sustainable initiatives," continued Marks.

Todd Friedman, VP of REgeneration Finance, said, "REgeneration Finance is committed to the development of the solar space through the utilization of best practices. REgeneration Finance and Premier Power, working collectively, are able to offer industry-leading finance, engineering, installation and asset management with zero out-of-pocket costs to our collective customers. REgeneration Finance is thrilled to be working with Premier Power and is looking forward to developing a robust portfolio together."