First US Finance LLC structures 718kW Solar PPA for Humboldt Bay Harbor in California

First US Finance LLC supports a Southern California solar developer in structuring a 25 year PPA (power purchase agreement) for Humboldt Conservation District in Samoa, California. The PPA rate and escalator for the 717.57 kW rooftop solar project will help the marine terminal lower its overall energy expenses by locking in an affordable long-term rate; the total project cost was $1.5M. First US Finance boasts, “this is one of the fastest PPAs we’ve organized to date; in 60 days from initial project review to funding is what developers and offtakers dream of”. The process takes coordinated effort by the investor, developer and support staff to make things happen smoothly. Complete project information was initially provided which allowed a fast review determining if the project made sense and was viable for all parties concerned. First US Finance will review all potential PPA projects with a minimum system size of 700kW throughout the U.S.A.