Funds
2010 Projected Energy Generation
280,597
kWh
Capacity Under Construction
616.44
kW
2011 Planned Capacity
13.5
mW
sunONE
A Breakthrough in Solar Finance
A Solar Energy Investment Company (SEIC) manged by D-SUN, sunONE is providing 100% equity financing for small to mid-sized commercial solar projects across four states in the Mid-Atlantic with an array capacity ranging from 32 kW to 275 kW per site. As one of the first investment vehicles of its kind, sunONE is breaking new ground in solar finance. sunONE investment opportunities were fully subscribed in January 2010, and fully reserved to contracted sites in May, 2010.
sunONE generates revenue from long-term power sales to creditworthy host customers and from trading renewable energy credits with aggregators and obligated parties. These revenues are supplemented by a combination of tax and depreciation advantage, and other state and federal support to deliver above-market returns to investors.
sunONE is the first of three SEICs that D-SUN will deploy between 2010 and 2012. sunTWO and sunTHREE will be progressively larger in geographic coverage, average system size, and aggregate capital commitment.
sunONE: Systems Under Construction in 2010
Meeting a Growing Demand
The United States is expected to pass Spain and Germany to become the largest market for photovoltaic in the world by 2012. Much of this growth will occur in the four states where sunONE is deploying systems. The targeted states have set mandatory minimums for solar power production, which will result in compound annual growth rates of 45 - 81%. sunONE’s proprietary market share strategy takes full advantage of these state policies, as well as its exclusive project pipeline and low cost of capital structures.
Regional Impact
sunONE commissioned its first solar facility in May 2010, and has begun construction on additional sites in Maryland, New Jersey, Delaware, and Pennsylvania. The sunONE portfolio includes an office building, a hotel, a light manufacturing facility, a data center, a brewery, and other building types. The largest project in the fund will be approximately 275 kW. For more about our sunONE projects, please see our Project Snapshots.
