Greenskies Clean Focus has installed a 67-kW solar photovoltaic (PV) system at Brownstone Intermediate School in the town of Portland in Connecticut.
The PV system is expected to save the town over $10,000 in energy costs annually, with projected savings of more than $206,000 over the term of the power purchase agreement.
This project was made possible through the Connecticut Green Bank’s Solar Municipal Assistance Program (MAP), which has been helping towns across the state with solar support for four years now.
The Solar MAP program provides technical assistance to municipalities for the development of solar PV projects on municipal buildings like schools, emergency services buildings and town halls. Through the program, the Green Bank also provides financing for the solar systems through a PPA, enabling municipalities to access solar energy without any upfront installation costs, no new debt to be incurred, and no operations and maintenance costs.
“Greenskies is thrilled to see the solar project at Brownstone Intermediate School come to fruition,” said Stanley Chin, President and CEO of Greenskies Clean Focus. “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.”
The PV system will be owned and maintained by Green Bank in partnership with Inclusive Prosperity Capital (IPC), a non-profit investment fund dedicated to financing clean energy projects that benefit traditionally underserved markets and projects.
“Inclusive Prosperity Capital is thrilled to support the Town of Portland, and the Green Bank in its efforts throughout Connecticut in support of these catalytic partnerships,” said John D’Agostino, Managing Director at IPC. “This project is a perfect example how effective partnerships between mission-aligned organizations can expand access to clean energy.”
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first green bank and has since supported the creation of more than 26,000 green jobs in the state, while reducing the energy cost burden on over 66,000 families, businesses, and nonprofits.
Based in North Haven, Connecticut, Greenskies Clean Focus offers a full suite of decarbonization solutions, including onsite and offsite solar, battery storage, microgrids, and combined cooling, heat and power.