Greenskies Clean Focus has installed a solar photovoltaic (PV) system at Brownstone Intermediate School in Portland, Connecticut. The 67 kW system is projected to save the Portland more than $10,000 annually in energy costs and more than $206,000 over the term of the power purchase agreement (PPA).
“We are proud to partner with Connecticut Green Bank and the Town of Portland to help reduce operating costs for years to come with the addition of clean, renewable solar power,” said Stanley Chin, president and CEO of Greenskies.
The project was part of the Connecticut Green Bank’s Solar Municipal Assistance Program (MAP), which makes every step of the solar process easier for towns. Portland is one of the first towns to complete the program which is now in its fourth year assisting dozens of towns with solar support.
“We are thrilled to have this new solar system installed and active in Portland,” Ryan Curley, first selectman for the town. “Being able to help the environment while at the same time saving on our energy costs is an enormous win-win for everyone.”
Through Solar MAP, the Green Bank provides technical support to municipalities to develop solar PV projects on municipal buildings, such as town halls, emergency services buildings, schools and more. The Green Bank also provides financing for the solar systems through a PPA, which allows the municipality to access solar with no upfront installation costs, no new debt to incur, and no operations and maintenance costs.
“As one of our first group of Solar MAP towns, Portland has been an excellent partner as the Green Bank team supported the project from inception through completion,” said Mackey Dykes, VP of financing programs at the Green Bank. “We are excited to see this solar installation at Brownstone energized and begin saving the school money.”
Inclusive Prosperity Capital (IPC), a non-profit investment fund dedicated to financing clean energy projects that benefit traditionally underserved markets and projects, is partnering with the Green Bank to own and maintain the system.
“This project is a perfect example how effective partnerships between mission-aligned organizations can expand access to clean energy,” said John D’Agostino, managing director at IPC.
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