V. Competitive Analysis
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Direct & Indirect Competitors
Established in 2001, Solar Tec is a privately held company that specializes in photovoltaic solar energy products. Specifically, the company develops, finances, designs, constructs, operates and maintains solar power plants, of which the company currently has 219 MW of solar power plants in operation. The company started doing business in the US market in 2009 and has developed and sold 55 MW of projects. Furthermore, Solar Tec has secured power purchase agreements for more than 100 MW of projects. Its international solar power plants in operation include South Africa, the Czech Republic, and Rwanda. In addition, Solar Tec has secured solar power sales contracts worth $2.4 billion through the year 2034
Vibrant Solar is a solar power business that finances, designs, installs, and maintains solar energy systems to residential customers within the US. Vibrant Solar installs solar rooftop panels in California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Washington D.C and the company recently announced that it has begun to offer residential solar leases. The company is also looking to expand by targeting the following regions for photovoltaic installations: Europe, US, India, China, and South Africa.
Founded in 2012, Solar Capital is a privately held, renewable energy company with a focus on solar power. The company currently has a project plan in place to install a 300 megawatt solar plant in cities across the U.S.. Once constructed, the solar power plant will use single axis photovoltaic solar panels to generate renewable energy. The solar plant will power an estimated 80,000 homes in every city.
[Company Name] enjoys several advantages over its competitors including:
- High-Quality Services and Products: [Company Name] will work with the best engineers and designers to establish the most efficient solar farm in the region.
- Management: Our management team has years of business and marketing experience that allows us to market and serve customers in a much more sophisticated manner than our competitors.
- Relationships: Having lived in the community for 13 years, [Founder’s Name] knows all of the local leaders, newspapers and other influencers that can help us reach our target customers.