MTU America (a subsidiary of Rolls-Royce) held a ceremony on August 9, 2017 in Graniteville, South Carolina, to celebrate a 1.35 MW (DC) ground mounted solar array installed on a 7-acre site highly visible from the I-20 exit ramp in Graniteville. SolAmerica Energy of Atlanta, GA ("SolAmerica") designed and installed the system and will maintain the project for MTU America. The project will generate energy income for MTU America through a Bill Credit Program with South Carolina Electric & Gas (SCE&G), and was financed under an agreement with Key Equipment Finance, a division of KeyBank.
South Carolina Governor Henry McMaster and Congressman Joe Wilson attended the ceremony, along with other government and business leaders, and participated in "flipping the switch" with MTU America to officially launch the project.
Speaking on behalf of MTU America, Joerg Klisch, Director of Operations of MTU America, stated, "This is a very exciting project for MTU. We are committed to pushing the boundaries of technology in the power solutions we provide to our customers, and solar projects like this will be an important part of the power mix in the future. SolAmerica has been a valuable partner in making this project a reality."
"The SolAmerica team has been honored to work with MTU America, Key Equipment Finance, SCE&G and Aiken County on this high-profile project in the Graniteville community," stated George Mori, President of SolAmerica. "South Carolina is a terrific market for distributed solar generation, and MTU deserves a lot of credit for its leadership in launching such an exciting project."
For more information on this news release and the event itself, please contact Scott Garrett at 770-826-7366 or scott@garrettgroup.com.
About SolAmerica Energy
SolAmerica Energy develops, finances, and constructs commercial and utility-scale solar photovoltaic projects. Based in Atlanta, Georgia, SolAmerica Energy has built solar projects for many of the leading companies in the Southeast and has developed projects for nationally recognized investors and owner-operators.
About MTU America www.mtu-online.com
MTU America Inc. is the North America subsidiary of Rolls-Royce Power Systems. As a technological leader in off-highway power and propulsion systems, MTU America is responsible for the manufacture, sales and service of MTU and MTU Onsite Energy products throughout the United States, Canada, Mexico, Latin America and the Caribbean. MTU America's core products MTU diesel engines and MTU Onsite Energy distributed energy systems can be found in a broad range of applications from mine haul trucks, military vehicles and marine vessels to hospitals, data centers and universities. With a passion for performance and reliability, MTU offers first-class service and a tradition of excellence to customers all over the world. MTU also is leading the way in green technology, committed to environmental stewardship by making a difference in clean air technology and building a sustainable future. MTU's entire product line is engineered today to meet the emissions regulations of tomorrow.
About Key Equipment Finance www.keyequipmentfinance.com
Key Equipment Finance has been in the equipment finance business for 44 years and is one of the largest bank-based equipment finance providers in the U.S. The company's bank channel unit provides tailored equipment lease and finance solutions for commercial clients in the U.S. and Canada. Through its commercial vendor unit, equipment finance programs are developed for manufacturers, distributors and resellers. The company's government finance unit, Key Government Finance, provides financing solutions for state and local government entities, the federal government and not-for-profit organizations. Key Equipment Finance's specialty finance group includes a specialty finance lending team, which provides structured facilities to various sectors of the specialty finance market, and a lease capital markets team to support corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages approximately $12 billion in assets and originates more than $4.5 billion of equipment financing annually.
Contacts
Garrett Group Marketing & Communications
Scott Garrett, 770-826-7366
scott@garrettgroup.com
