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Diesel engine maker MTU America goes solar with financing from Key

By Amy Thomas in Industry Trends, Company News Posted August 14, 2017

A diesel engine building company in South Carolina is embracing the sun's power through a $1.9 million solar project financed by Key Equipment Finance.

Screen Shot 2017-08-13 at 5.07.30 PM.pngIn an article in the Aiken Standard, the company's director of operations, Joerg Klisch, noted the irony of a traditional power engine manufacturer adding green energy. He made the comments in a ceremony last week celebrating the completion of the new 7-acre solar field, which will provide a peak output of 1 megawatt of power and is leased from Aiken County.

To create the solar panel field adjacent to its operations, MTU America collaborated with Sol America, SCE&G, the South Carolina Department of Transportation, Key Equipment Finance and Aiken County.

“The system cost approximately $1.9 million,” Dan Kaminski, senior manager of purchasing for MTU America, told the Aiken Standard. “We, at MTU, put up very little cash up front because it is leased through Key Equipment Finance. The system produces enough electricity so that under the program, it pays for itself and sends us a check every month. We have an actual bill credit on top of paying off the lease.”

S.C. Gov. Henry McMaster attended the ceremony to flip the switch on the 4,242-panel solar array tied directly to SCE&G's grid, and U.S. Rep. Joe Wilson, R-S.C., also spoke.

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