Solar installer SPG Solar has formed a new structured finance group. SPG’s new group will be headed by Michael Johnson, who joined SPG in June 2010 as vice president of project finance. Johnson is the former managing director of the renewable energy investment program for the National Development Council.
The structured finance group within SPG can now offer its customers access to its third-party funding partners for Power Purchase Agreements (PPAs), debt and equity investment, operating and capital lease arrangements and participation in Renewable Energy Funds.
The new unit also brings together the sector's experts on federal and state government Solar Renewable Energy Credits (CREB), available public funding via CREB bond offerings, Department of Energy frants and utility incentive programs.
“We are taking the mystery out of a very complex funding process for our customers,” said SPG Solar President and CEO, Thomas Rooney. ‘SPG Solar is a relationship-based company, and we will build upon this as we make the connections between our customers and the investment community.”