29 May '15, 2pm

Conergy and Demeter bring third-party ownership to commercial #solar PACE

Miami-based solar developer Conergy and West Palm Beach, Fla.-based solar financing firm Demeter Power Group have debuted a financial structure developed under the rules of the CaliforniaFIRST property-assessed clean energy (PACE) finance program. The PACE Lease financing structure enables commercial property owners to fund a solar project as an improvement by collecting third-party-owned solar revenues as a property tax assessment. PACE Lease is trademarked intellectual property of a partnership between Demeter Power and Conergy. The trademarked PACE Lease stems from a financing platform devised by Demeter with Conergy's financial backing. PACE Lease operates through the California's existing PACE program , which is administered by Renew Financial. Its distinction is that it allows outside capital to provide third-party financing for solar projects. According to Yann Bran...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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