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Pacific Power Management secures $250 million funding from major Wall Street firm
Pacific Power Management, a full service commercial solar provider, announced the close of a $250 million funding agreement with a major Wall Street firm. Currently PPM has over 9.7 megawatts of PPA’s in process and is developing additional projects that total over 25 megawatts in the commercial marketplace.
“This is a milestone in our organization, as well as a milestone for our potential clients. We are now able to install larger systems with a greater ease of financing thanks to a great affiliation with a premier Wall Street firm. Everyone will benefit, including the environment.” said Mark Frederick, Managing General Partner of Pacific Power Management. The ability to service large commercial clients will enable PPM to broaden their portfolio while making a major environmental impact. The vehicle of a power purchase agreement allows for the public, non-profit and very large companies to access financing that they would otherwise be unable to obtain. That means an increased amount of larger installations which enhances the company’s individual environmental stewardship and bolsters the bottom line.
These installations will be located throughout California, Hawaii and other prime service areas. The ability for organizations to purchase Solar Generated power at a savings over the current utility rate is a significant step towards gaining control of their electrical costs, a desire of every key management executive we encounter.
PPM is focused on the commercial marketplace for solar electric installations. PPM performs all the necessary tasks related to a professional project from sales financing, construction, operation and maintenance. With our focus being on the customer, PPM has created a flexible PPA, with either a fixed escalation or guaranteed lower rates below the utility companies. The PPA will be customized for each individual client needs.
About Pacific Power Management, LLC Pacific Power Management is a full service commercial solar provider. Our services include assessment, financing support, design, engineering, installation, web-based monitoring, maintenance and public relations support to promote our customer’s environmental leadership. At Pacific Power Management, we pride ourselves on providing first-class service, efficient, high-quality systems and complete project management. Our proprietary flat-roof racking systems are designed for 50-year life and high solar panel output efficiency.