Just Energy Group has struck a deal with Clean Power Finance (CPF) to sell residential solar electricity.
The agreement will provide CPF’s networks with a large solar sales pipeline as well as access to Just Energy’s 1.6million residential energy customers.
The companies plan to roll out the solar program beginning in the first calendar quarter of 2015 in New York and California, before expanding the offering into key target solar markets across North America.
Deb Merril, co-chief executive of Just Energy, said: “We believe we have secured an ideal solar partner that allows us to enter the solar market with a strategic approach that complements our existing core competencies and maintains our commitment to growing in a less capital intensive manner.
“While our core energy retail business remains healthy and growing, expansion into solar was clearly the next step in maximizing the value proposition Just Energy brings to our growing customer base.
“Our goal is to offer the best energy solutions possible to homeowners, and the expertise CPF brings to the partnership will allow us to hit the ground running.”
Just Energy will act as an originator of residential solar deals that are financed and installed via CPF,according to the terms of the agreement.
