The projects are located across the states of New Jersey, Pennsylvania and California and will be developed in various capacities alongside a 12MW grid supply project.
Scope of the agreement also includes design, engineering and construction services to Suntuity.
Commenting on the developments Lightway Green New Energy global sales and marketing vice president Wei Na remarked that their business model will not only include emphasis on quality, cost reduction and downstream integration into project financing, but also includes the increased focus on expanding their footprint into strategic markets such as North America.
Suntuity Group CEO Dan Javan said, "Over the years, Solar Power has changed from a technological solution to a financial one. We are excited about our partnership with Lightway because of its conformance with our focus on vertical integration, high quality product delivery and strategic execution and because it combines the best that technology and solar financials have to offer."
Under the agreement, Lightway’s project development subsidiary, LWSA Project Development will invest $4.37m of equity in Suntuity
