Project Overview

When Assurant, Inc. (premier provider of specialty insurance), sought to construct their first solar project they conducted a nationwide search, then selected Kokosing Solar for our expertise in both solar project development and construction. The result of our collaboration was a 1.8 MW Kokosing Solar project structured as a PPA. This complex $5M roof and parking canopy project was designed and built by our team and delivered on time and on budget. Project complexities included locating and passing significant below-ground obstructions using direct boring equipment as well as safely building on an active corporate campus, including the fully utilized parking lot of a three shift data center. 

Project Financing: Structured as a 25 year PPA.  Kokosing Solar selected a project finance partner to own and operate the project using their investors’ capital.

Legal and tax structure: Wholly owned by a special purpose entity (LLC), with all tax benefits, including depreciation flowing to equity holders directly.

Power Purchase Agreements and Contracts: 25 year PPA and site lease between Assurant and Tangent. EPC construction contract between Tangent and Kokosing Solar. Repair, maintenance and servicing contracts: Operations and maintenance agreement between Tangent and Kokosing Solar.