Greenbacker, Community Energy complete 10-MW Colorado community solar portfolio

• Greenbacker Renewable Energy Company announced that building and construction has been completed on a 10 MWDC portfolio composed of five community solar gardens in southern Colorado.

The solar projects were bought in 2019 from Community Energy, which also stayed on to take care of the design, procurement as well as construction throughout the structure procedure. Along with an integrated EPC company, the portfolio additionally included long-lasting subscription contracts with solid investment-grade offtakes, under Xcel Energy's Solar * Rewards Community program.

The 5 community solar yards (Alden, Monte Vista 2, Rock Creek 2, Platteville and Alamosa Solar South) are located in rural areas of the state and also solution a vast array of subscribers. This consists of a population of income-qualified homes, that get contributed solar credit scores with the project, lowering their electrical costs each month.

GREC additionally supplies the opportunity for the portfolio's commercial customers-- every one of which are institution areas, nonprofits and also communities-- to minimize their power expenses, without needing to mount their own rooftop ranges. These industrial subscribers get solar credits for the energy created by their share of the solar project, offering them an easier means to make use of and also sustain clean power.

" We're glad to have started our partnership with CE on a project that helps highlight the need for, and also advantages of, local solar gardens, while additionally bringing worth to our investors," claimed Charles Wheeler, CEO of Greenbacker. "As well as we anticipate working together again in the future."

" Community Energy has been creating community solar gardens in Colorado given that 2013, and also is pleased to have worked with the Greenbacker group on our largest portfolio of solar gardens in the state," stated Ben Griffin, director of EPC and property management for Community Energy. "These projects will certainly supply very actual financial and also ecological advantages to the wide variety of subscriber clients and also communities that are taking part."