S-Energy® Co., Ltd. (095910:KOSDAQ) has completed the installation and grid connection of 3.33 megawatts of solar carport structures at two Los Angeles County, California school districts. S-Energy America, the wholly owned US operation of S-Energy, provides CVD-free Korean-made modules to major residential and commercial solar installers throughout North America, as well as development, financing and operations expertise to move solar projects to completion.
"S-Energy is pleased to be able to leverage our Company's broad experience in solar technology and development to make these projects a reality," said David Kim, President of S-Energy America.
S-Energy contracted Gehrlicher Solar America, a leading engineering, procurement and construction (EPC) firm, to install over 7,000 S-Energy PC8 72-cell modules at 12 school facilities within the Lynwood Unified School District. Another 4,400 S-Energy high-performance solar modules were installed at 6 school facilities within the Bassett Unified School District in the City of La Puente. The solar installations will offset more than 50% of each school's electricity usage and will ensure a constant, low-cost source of clean energy via a power performance agreement between S-Energy America and the School Districts. Key Equipment Finance, a division of KeyBank National Association, provided additional financing for the project.
"The solar panels that are now at many of the schools within our district are not only a commitment to the environment in which our families live," said Peter Wong, Chief Business Official of the Lynwood Unified School District. "They also help fulfill our goal to lower operational costs and put more of our taxpayer's funds directly into the classroom."
"S-Energy's high quality products and strong financial standing make them a natural partner to collaborate with on solar project funding," said Luis Gutierrez of Key Equipment Finance. "We were able to work together to provide an extremely attractive lease rate based upon the financial standing of its parent company and merits of the underlying projects."