BlueChip Energy, LLC (BCE), a fully-integrated photovoltaic (PV) company, announced today it will begin accepting proposals to purchase shovel ready, large-scale solar projects currently in development in the United States. BCE will consider purchasing projects, fractionally or in entirety, with existing permits and a planned minimum of 2 megawatts (MW).
Throughout the US, large-scale solar PV projects are being announced at a rapid rate. Nevertheless, due to the nature of the US market, which is compliance-driven, many projects sit, stalled, in various stages of completion. At BlueChip Energy, things are different.
BCE is a new-generation alternative energy utility company, integrating and building upon its fully integrated principles. As a vertically-integrated solar power provider with a significant presence at all stages of the solar value chain, BCE’s complete integration affords it considerably lower costs in development of large-scale solar projects than its conventional counterparts. Consequentially, the reduced cost of the initial investment and a greater assurance of ROI (return on investment) and IRR (internal rate of return), is a driving factor for financial institutions to invest in solar PV projects with BCE.
BCE’s vertical integration provides a complete solution for a solar project’s lifecycle including engineering, procurement and construction; electricity sales; and power plant operation and maintenance. In addition, BCE’s wholly-owned subsidiary, Advanced Solar Photonics, LLC (ASP), has quickly become a major player in the production of crystalline silicon panels manufactured in America. BCE is able to source development and construction capital at a swifter pace, often with lower interest rates than its counterparts focusing on project execution alone.
BCE’s distinctive all-in-one solar PV business model offers the resources, expertise and commitment required to take on large-scale solar PV projects. The vertically integrated approach BCE has taken, allows the company to efficiently manage each segment of the solar pipeline, from panel manufacturing to all phases of project development, EPC (engineering, procurement and construction) to financing, and electricity sales to maintenance.
Panel Manufacturing: ASP is the third largest producer of crystalline silicon PV panels in the United States –producing PV modules compliant with the Buy America Act, meeting the requirements of of the American Recovery and Reinvestment Act of 2009, Section 1605.
Project Development: BCE’s strong expertise in site selection, site lease and purchase, permitting and rezoning ensures our projects will be realized.
Engineering, Procurement and Construction: BCE’s strong experience in project execution provides assurance to investors that we will complete projects quickly and efficiently and in time to qualify for the Department of Treasury’s Cash Grant program.
Solar Power Project Financing: BCE has begun partnering with project developers that have run into difficulties getting projects off the ground due to lack of financing.
Electricity Sales: BCE’s FERC-approved license as a small power production facility, or qualifying facility (QF) means it can sell solar electricity to any utility anywhere in the US.
Operation and Maintenance: BCE makes solar plant investment easy by providing monitoring and maintenance, as well as insurance, tax and accounting administration for all of its utility-scale projects.
BCE is currently evaluating projects in the early stages of development and consequential acquisition partnerships. Interested developers are encouraged to contact the company directly.
BlueChip Energy, LLC (BCE) is a fully-integrated solar PV power generator, occupying all segments of the solar power value chain, from manufacturing of solar panels and balance of systems components, to the sale of turnkey solar power plants – and solar electricity – to residential, commercial, and industrial customers. BCE develops, finances, constructs, operates, and monitors solar plants for companies and individuals. The company is also a licensed provider of renewable solar energy as a qualifying power production facility with the right to sell electricity to a utility.