HEMET, Calif. — Representatives from the Hemet Unified School District, Tioga Energy, Johnson Controls, De Lage Landen, and Wells Fargo & Co. gathered in Hemet, Calif., to celebrate the completion of 17 solar electric systems for area elementary, middle, and high schools that are expected to save the district approximately $300,000 in utility costs annually.

The 4.4 MW of solar electric canopies now provide shade for approximately 1,400 parking spaces and nine playgrounds across the district. Tioga Energy, a leading provider of renewable energy services to commercial, government, and nonprofit institutions, financed each of the 17 systems through its SurePath® Solar power purchase agreements (PPAs). Tioga developed and will operate and maintain the systems, selling the generated electricity to the Hemet Unified School District over 20 years at rates lower than the local utility.

These systems are the first to be developed under a master financing agreement between Tioga Energy and De Lage Landen (DLL), a global provider of asset-based financing products and supporter of sustainable clean technology. Additionally, Wells Fargo & Co. participated in the projects as a construction lender and tax equity investor alongside DLL’s tax equity investment to further broaden the scope of the Tioga-DLL financing facility.