Equal Earth Completes Acquisition of 3 Solar Projects; Adds Education and Government to Portfolio
Equal Earth, a diversified renewable company, today announced that it has acquired 3 separate solar projects developed by a well-known Ohio-based developer. The combined projects generate 1.6 MW of power and the off-takers include two established Ohio colleges and a local government organization.
SAN DIEGO, November 24, 2014 – Equal Earth, a diversified renewable company, today announced that the company has acquired three separate solar projects developed by a well-known Ohio-based developer. The combined projects generate 1.6 MW of power and the off-takers include two established Ohio colleges and a local government organization.
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Similar to recent Equal Earth acquisitions, this portfolio of projects has long-term PPA's with the off-takers. The deal is part of the firm's broader growth strategy to acquire long-term revenue-generating projects with low operational costs to generate predictable future cash flows and attractive after-tax returns.
"We're proud to play our part in helping schools and government to save money on their utility bills with solar," said Equal Earth Chairman, President and CEO, Andrew Duggan. "These projects will deliver environmental and financial benefits for years to come," added Duggan.
Earlier this month, Equal Earth announced that it is acquiring a 5 MW solar photovoltaic farm near Columbus, Ohio.
About Equal Earth
Based out of San Diego, Equal Earth is a diversified renewable energy company with a portfolio of assets providing customers lower-cost, environmentally conscious energy solutions. The company offers commercial and residential customers simple financing solutions, helping them to significantly reduce their utility bills. By developing and financing projects powered by renewable energy sources such as wind and power, Equal Earth is helping to change how we power the world.
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