SPARTANBURG, S.C., June 5, 2018 /PRNewswire/
-- Today, Keystone Power Holdings, LLC and Crown
Holdings, Inc. (NYSE: CCK) (Crown) announced a solar energy project
that will offset one-third of the annual electrical usage in
Crown's Spartanburg, South
Carolina plant. Keystone Power Holdings is the financier,
developer and owner of the system, with Crown enjoying the solar
power via an operating lease. Keystone Power Holdings and its
affiliate KPH Construction Services worked closely with Hannah
Solar to construct the 924.6 KW DC system with 2,680 PV
modules. Crown is headquartered in Pennsylvania with manufacturing locations
around the world. Also headquartered in Pennsylvania, Keystone Power Holdings delivers
solar projects nationwide and is one of only a handful of
South Carolina approved solar
leasing companies.
Keystone Power Holdings develops solar energy facilities
for its clients while providing green energy at significant cost
savings. KPH Construction Services, a division of Keystone Power
Holdings, performed construction management and oversight for the
project, with Hannah Solar providing
electrical and project management services. This ground-mounted
solar project, located on an industrial-zoned manufacturing site
owned by Crown, is currently online and has been generating
electricity since October 2017.
Annual production is anticipated to be approximately 1,310 megawatt
hours/year of energy.
"Solar energy continues to gain ground as an alternative energy
solution at the local level. We're pleased to be able to partner
with businesses like Crown to help make green their energy
purchases while delivering significant energy savings," said
William R. DePhillipo, Co-Founder of
Keystone Power Holdings. "It is also significant that we were able
to develop the largest leased solar array in the state of
South Carolina."
"From start to finish, Keystone Power Holdings has been a great
partner in this initiative," said Bob
Harding, Plant Manager at Crown. "We are glad to be reducing
our carbon footprint and to be contributing to Crown's wider
sustainability goals, which include further reducing energy
consumption. Offsetting one-third of our annual energy usage in our
Spartanburg plant is an important
achievement."
As part of this initiative, Keystone Power Holdings applied for
and was granted a Duke Energy Rebate, which helped to lower capital
costs and make the project viable for Crown and Keystone.
About KPH Solar Farms Fund I
Keystone has set up its first investment fund, KPH Solar Farms
Fund I, with an initial target volume of USD
35 million for qualified renewable energy projects in
the United States. Keystone Power
Holdings, LLC has entered the asset ownership business, and is
significantly expanding its business in the United States. We are financing
small-to-large-scale solar power projects in key United States markets. A bank will provide
100% of the initial debt, equity, tax equity and construction
financing for the solar projects of the venture. KPH Solar Farms
Fund I will make resources available at a time when consistent
funding is difficult to obtain.
About Keystone Power Holdings, LLC
Keystone Power Holdings, LLC is a renewable energy company that
develops solar energy facilities. Keystone Power Holdings
specializes in the development of medium to large-scale
photovoltaic solar systems across North America. Keystone
Power Holdings develops solar energy facilities for its
clients on or near their properties either on the ground or on
rooftops while passing on electricity bill savings. For more
information on how to finance and develop your commercial solar
facility, please contact Pam Gougeon
at 484.301.0755 x27 or email info@keystoneph.com. For more
general information on the company, visit www.keystoneph.com.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading
supplier of packaging products to consumer marketing companies
around the world. World headquarters are located in Philadelphia, PA. For more information, visit
www.crowncork.com. For employment opportunities at Crown, please
visit www.crowncork.com/careers.
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SOURCE Keystone Power Holdings, LLC