The prospect of lost solar industry capacity and jobs looms in the background thanks to this ITC decision, but this doesn’t appear to faze GameChange Solar, which is now expanding its capital introduction program to over $3 billion in available capital to fund solar projects in both the U.S. and worldwide. The program is primarily in concert with seven leading funding sources, two of which are large utility backed power generation companies and the other five of which are leading IPPs.
GameChange Solar works with IPPs, Private Equity Firms, utilities and other entities looking to invest in and own projects. GameChange introduces them to developers, EPCs and others who are looking to build projects. This enables more projects to be financed and built, furthering our mission to repower the planet with cleaner energy.
“Capital intro is critical for the growth of the solar industry,” said Andrew Worden, CEO of GameChange Solar. “Being located in New York City where there is a growing community of private equity and hedge funds seeking to invest in solar PV projects. Having invested over $500,000,000 over the past 20 years from the investment funds I have run have enabled us to build relationships with many investment funds and other investors. We are located in the epicenter of finance in the United States, right here in Manhattan, and this proximity coupled with working knowledge of what investors seek positions GameChange Solar to be able to provide capital intro to our customers to our mutual benefit. This will be an increasing value added service we will provide to help us, our customers, the investors, and most importantly of all, the solar industry’s growth rate.”
GameChange Solar has expanded its capital introduction program to fund solar projects across the United States to over $2 billion in available capital. The program is primarily in concert with five leading funding sources, two of which are large utility backed power generation companies and the other three of which are leading IPPs.
GameChange introduces projects that are being developed to the funding sources, enabling more projects to be financed and built. Recent introductions have yielded several marriages that have resulted in utility scale solar projects being built with financing received by developers.
If you have a project that needs financing to build which is anywhere from early stage to shovel ready, or if you are a funding source looking for projects to finance and/or buy, please reach out to your business development representative at GameChange for more information on this program.
Andrew Worden, CEO of GameChange Solar, stated: “There are many projects that are looking for the capital to build them. With my previous background in finance and project development, we have the understanding of how projects are financed and the needs of both developers and financiers. We are able to see the correct fits between projects and capital and make the appropriate introductions. Our goal is to help facilitate more solar power plants to be built which furthers our mission of repowering this planet with cost effective, clean and renewable solar energy.”
GameChange Solar announced that it added two additional roll forming locations in Alabama and Georgia to service the southeast market for fixed tilt and single axis tracker solar support structures.
Andrew Worden, CEO of GameChange Solar, stated: “We anticipate expansion to approximately 2GW sales in 2017, driven by heavy customer demand for our bankable quality, value prices solar mounting structures. Therefore we have added substantial manufacturing capacity in the Georgia and Alabama to provide unprecedented turnaround time to service our valued customers in the Southeast.”
Challenges: Building this PV system on a rocky, steep terrain required special drillers just to install the piles. Some boulders pulled out were bigger than a pickup truck. Developer Standard Solar did a formal study and used innovative smart inverter capabilities to integrate to the grid according to ES’s requirements. The landfill part of the project was unique in that all electrical wiring/conduit and racking foundations had to remain above grade so as to not penetrate or disturb the cap layer. Standard had to run the inverter output feeders in conduit down a very steep (approximately 40 percent grade) section of the cap in order to reach the equipment pad. Innovation: This is one of the first virtual net metered projects approved in Connecticut, and it offsets 100 percent of the town’s load, making the whole town net zero. It supports mostly schools and other community loads.
Location: Stafford, Conn.
Size: 3.45 MW
Developer: Standard Solar
Contractor: Electrical Contractors and Maine Drilling and Blasting
Modules: Hyundai Heavy Industries
Inverters: Chint Power Systems
Mounting: GameChange Solar and DCE Solar
Cedar Falls Utilities “Simple Solar” Initiative
Cedar Falls Utilities (CFU) launched its “Simple Solar” community initiative to meet a growing demand for clean energy, while offering flexibility around participation in the project. CFU gave its customers the opportunity to pre-subscribe for the solar energy by making an upfront payment. These payments gave customers access to a portion of the energy that the array will produce — an amount by which their energy bills will be reduced — and the more customers who participated, the lower their cost to participate. This approach proved demand and interest among customers, drove the size of array built and created a mechanism where a customer could apply their energy savings to another home if they decide to move. Interest drove the solar unit price from $399 to $270. This became the largest community solar project in the state.
GameChange Solar says that its new rivet module-mounting method has proven to speed its most recent installations.
Rivets were used for a group of Max-Span pile driven systems in North Carolina totaling 85 MW, which is now completing installation. The installers averaged 2.5 MW per week per 20 man crew including staging and installation.
What’s the deal with rivets?
Rivets allow customers to have rapid installation rates for mounting modules because do not require torque marks. They also reduce the complexity of O&M checks. Rivet as well as bolt and serrated flange nut options are currently available for use on all GameChange Solar pile driven and ballasted ground fixed tilt as well as tracker systems with both framed modules and thin film modules. Standard rivets and rivet guns may be used for the rivet option and standard drivers for bolt option.
Max Johnson, Business Development Associate at GameChange Solar stated: “We are constantly thinking about different ways to reduce installation time for customers. Every little bit adds up to substantial savings, especially for large utility scale projects. At GameChange, it is our mission to reduce the cost of solar and our passion to do our best to make every customer happy.”