SolarWorld taps REC Solar/Duke Energy project financing for solar installers

Facebook
Twitter
LinkedIn
Reddit
Email
SolarWorld said that the partnership program was designed to accelerate development of commercial PV projects of between 50kW and 2MW.

Integrated PV module manufacturer SolarWorld is offering US solar installers commercial project funding resources amounting to US$225 million, guaranteed by REC Solar majority-owner Duke Energy, in California, Hawaii and the Northeast states of Maryland, Massachusetts, New Jersey and New York.

SolarWorld said that the partnership program was designed to accelerate development of commercial PV projects of between 50kW and 2MW by streamlining credit underwriting, contracting, procurement and financing processes, a perennial problem in the US commercial rooftop sector that has slowed development, compared to residential and utility markets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Read Next

September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
September 8, 2025
Vaisala has launched a new hail alert system aimed at solar operators grappling with an increasingly costly problem for PV installations.
Premium
September 4, 2025
Analysis: A Biden-era policy to suspend the payment of duties on Southeast Asian module imports looks set to backfire badly on an already under-pressure US solar industry.
September 4, 2025
ARENA has launched the second funding round of its AU$1 billion Solar Sunshot programme, making AU$150 million available.
September 1, 2025
Solar Organic Centro España is planning to build a 10GW solar module and battery manufacturing facility in the Spanish autonomous community of Castilla-La Mancha.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines