Annapolis, MD – New Energy Equity completed construction on a privately funded solar project near Kona, Hawaii. The system was installed on several adjacent buildings at the exclusive owner occupied Mauna Lani Terrace condominium complex on the Northwest Coast of the Big Island. The project will offset approximately 75% of each building’s electricity usage, including the main office building. The energy will be purchased by the Association of Apartment Owners (AOAO) under a twenty-year Power Purchase Agreement and a net metering agreement with the regional utility. New Energy Equity will manage monthly billings, system monitoring, and 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.
For more information please visit New Energy Equity’s website at www.newenergyequity.com. To stay up-to-date on current news, follow New Energy Equity on Twitter(link is external) and LinkedIn(link is external).