Annapolis, MD – New Energy Equity completed construction on a privately funded solar project in Maui, Hawaii. The installation was placed atop a high-end, prominent condominium complex near Napili Point Bay and is the first phase of a two phase project at the condominium complex. The second phase is scheduled for completion in the third quarter of 2015. The electricity will be purchased by the Association of Apartment Owners (AOAO) under a twenty year Power Purchase Agreement and a net metering agreement with the utility. New Energy Equity navigated Hawaii’s challenging utility interconnection approval process and will manage the project assets for the next twenty years.
New Energy Equity specializes in the financing and development of commercial and small utility renewable energy projects. The company focuses on transactions within the United States ranging from 200kW to 5MW. New Energy Equity works with investors, both public and private, to provide dependable financing resources for the development and completion of end-to-end renewable energy transactions.
New Energy has the resources, expertise and experience to handle all aspects of development, construction and long-term asset management. The company brings together more than 50 years of experience developing projects in the solar, telecom, corporate finance and construction industries.