Real estate developer GID and Greenskies Clean Focus announced the completion of a commercial solar system at Pavona Apartments by Windsor in downtown San Jose, California.
The 130-kW rooftop solar system is expected to generate over 180,000 kWh of clean energy annually, the equivalent of powering 25 homes.
“At GID we continue to value opportunities that support both our fiduciary responsibility and uphold our long-term environmental sustainability commitments” said Phil Carmody SVP, head of ESG at GID. “We’re thrilled to have partnered with Greenskies to increase our renewable energy production and are looking forward to measuring the impact going forward.”
Greenskies developed and financed the project for GID with no upfront cost through a 25-year Power Purchase Agreement (PPA). As the long-term owner and operator of the system, Greenskies will provide ongoing maintenance, ensuring the sustainability and efficiency of the solar system for years to come.
“It’s been a pleasure working with GID to see this project through,” said Stanley Chin, president and CEO of Greenskies. “Distributed generation solar provides a great opportunity for commercial property owners to realize additional value from their existing portfolio through significant energy cost savings and reduced carbon emissions.”
News item from Greenskies Clean Focus
