Siemens introduces solar power purchase program

Organizations will be able to access solar power without major capital investment.


Siemens Industry, Inc. introduced its Solar Power Purchase Agreement (PPA) program from the building technologies division in collaboration with Siemens Financial Services. The program allows customers to bring "clean" solar energy projects on their properties without making an initial capital investment in solar equipment.

“Demand for solar power is on the rise, but for many of our customers, the initial capital investment requirements were just too high,” said Andreas Schierenbeck, president of the building technologies division. “With Siemens Solar PPA program both the financial and technical barriers associated with implementing solar energy are mitigated. We take on the risk, while our customers reap the rewards of clean energy and lower utility bills.”

A solar PPA can be advantageous for public sector entities, because schools and other government agencies are tax-exempt and cannot take advantage of available federal tax incentives for solar energy projects. This program makes buying solar energy in the public sector more accessible and cost-effective. Siemens owns the solar equipment and builds the project on the customer’s property. Customers work exclusively with the company for the project’s entire lifecycle: from financing, design, construction, and implementation, through ongoing maintenance. Solar power purchased in this way can reduce energy costs in addition to helping meet sustainability, clean energy, and environmental goals.

Customers that take advantage of Siemens Solar PPA eliminate the third-party financing and contractual agreements that are often requirements of other companies’ PPA structures.

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security