Sunrock DG & Nelnet Partner for Renewable Distributed Generation Projects

Source: www.gulfoilandgas.com 4/11/2024, Location: North America

Sunrock Distributed Generation, a commercial solar and clean energy development and management platform, announces today its tax equity partnership with Nelnet, Inc. (NYSE: NNI), marking a significant step towards enhancing energy sustainability, building power grid resiliency, and reducing carbon emissions in local communities.

The partnership combines the extensive expertise of Sunrock and Nelnet to finance and construct ongoing portfolios of distributed generation assets across several states including California, Illinois, New Jersey, and New York. The construction of initial projects is already underway.

Wilson Chang, CEO of Sunrock, comments, "Sunrock is thrilled to announce our financing partnership with Nelnet, Inc, which will enable us to build even more solar and distributed generation assets originated and developed using our proprietary underwriting system and automated technology platform.

"Together, Sunrock and Nelnet are on a journey to help local businesses, public entities, and nonprofits save money and transition towards renewable energy, while contributing to a cleaner, greener future for generations to come," he adds.

Scott Gubbels, Executive Director of Renewable Energy at Nelnet, Inc. says, "Our partnership with Sunrock furthers Nelnet's commitment to renewable energy projects that deliver tangible environmental and economic benefits. We are excited to be working in close partnership with Sunrock's experienced team of financiers and operators in scaling out the origination, development, and construction of a diversified portfolio of distributed generation assets."


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