Borrego 太阳能系统公司从美国银行和东西部银行获得了大约2000万美金的贷款，该贷款主要目的是为在圣地亚哥社区大学地区建设2.8MW光伏系统。该系统也是第一个通过Borrego太阳能购买协议取得贷款支持的项目。该系统由分布在SDCCD大学六个地区的九个太阳能方列组成。主项目花费将得到由东西部银行和美国银行承诺的贷款，其余部分的资金将由去年成立的PPA基金承担，该基金的成立者Walsin Lihwa为Borrego太阳能公司的现任投资者。
根据该公司与SDCCD签署的协议，Borrego公司将建设，运行，和维护该太阳能系统，将电力以低于圣地亚哥天然气和电器公司18%的价格销售给SDCCD。该举措的结果是SDCCD每年电费将节省约11万美元。
Borrego Solar Systems, Inc., has secured financing from U.S. Bank and East West Bank to finance an approximately USD$20 million, 2.8-megawatt (MW) solar energy project for the San Diego Community College District (SDCCD)—the first to be financed through Borrego Solar’s power purchase agreement (PPA).
The system will consist of nine solar arrays to be installed at six locations across the SDCCD campuses. The majority of the project cost will be funded through financial commitments from East West Bank and U.S. Bank, and the remainder will be contributed by the PPA fund launched last year by Walsin Lihwa, a current investor in Borrego Solar.
Under the terms of the 20-year agreement with the SDCCD, Borrego Solar will build, operate and maintain the solar systems, selling the energy to the SDCCD at rates that are approximately 18 percent less than the rates charged by San Diego Gas & Electric—resulting in a savings of more than $110,000 annually.
“We are excited to create this new relationship with Borrego, a company that brings significant industry expertise and a strong pipeline of solar installation projects,” said Darren Van’t Hof, director of Renewable Energy Investments for U.S. Bank. “We look forward to working with Borrego on future projects as U.S. Bank continues its commitment to investing in solar energy.”
“Borrego Solar demonstrated that it is an ideal investment partner by presenting us with the shovel-ready SDCCD project, a signed PPA contract and the support of the Walsin Lihwa PPA fund along with U.S. Bank's equity investment. With this infrastructure in place, we were able to quickly agree to contract terms and closing,” commented K.Y. Cheng, executive vice president, East West Bank.
“Financing a solar energy system using a PPA has emerged as an extremely appealing option for customers. We have seen a tremendous uptick in demand since introducing our PPA model, especially as expiring government grant programs and shrinking state rebates have stalled a number of projects,” added Mike Hall, CEO of Borrego Solar.
