Allume Energy, RENU Communities and esaSolar have commissioned Orlando’s first behind-the-meter shared photo voltaic system in a multi-family constructing.
The primary of its sort in the US, the shared photo voltaic system will generate renewable electrical energy for Cover Villa Flats, a 296-unit, garden-style condominium complicated in Orlando. Through the use of the SolShare expertise, residents of the neighborhood will have the ability to subscribe to a portion of the photo voltaic vitality produced on the roof, offsetting the price of their particular person electrical energy payments.
The distinctive SolShare {hardware} permits for sharing rooftop photo voltaic with a number of flats in the identical constructing. The expertise will maximize photo voltaic vitality accessible for related tenants and speed up the transition to a carbon-neutral constructed surroundings, supporting RENU’s mission.
Cover is the primary asset throughout the not too long ago introduced ESG-centric enterprise between Taurus Investment Holdings LLC and Aegon Asset Management. Utilizing Taurus’ sustainable retrofit subsidiary, RENU, the partnership will purchase multi-family belongings, aiming to considerably scale back the vitality consumption and carbon output of these belongings, along with enhancing the standard of life for residents with every undertaking.
“This modern partnership represents RENU’s core values of regularly evaluating and implementing tailor-made options for our initiatives,” stated Christopher Grey, Ph.D., chief expertise officer of RENU Communities. “We’re excited for this collaboration, leveraging this expertise to speed up the distribution of unpolluted vitality and enhance resiliency.”
With 21.9 million condominium models in the US, the success of this undertaking is about to create a precedent for the multi-family actual property business in Florida and past.
Orlando Utilities Fee (OUC) labored with Allume, RENU and esaSolar to evaluation and guarantee this technique met Florida’s interconnection and security necessities. The system has the potential to contribute to Orlando’s net-zero targets whereas rising confidence in shared photo voltaic as a dependable energy supply for residents in multi-tenanted buildings.
RENU delivers decarbonized vitality retrofits to present actual property belongings by combining state-of-the-art expertise and actual property experience to overtake present properties, reworking dated buildings into high-value, reduced-carbon belongings. For Cover, RENU partnered with esaSolar to develop, design and set up the photo voltaic array in addition to combine the SolShare expertise to the present electrical system.
As a neighborhood photo voltaic growth and development agency, esaSolar supplied key technical consulting to make sure the system would function appropriately with OUC’s electrical grid.
“As a result of Orlando is among the quickest rising cities in Florida, it must develop inexpensive housing options that additionally prioritize vitality effectivity and sustainability,” stated Morgan Brawner, esaSolar’s VP of enterprise growth.
SolShare was developed by Australian-born, Los Angeles-based Allume Power as a solution for multi-tenanted residents eager to entry the environmental and financial advantages of rooftop photo voltaic. The system requires no change to the present electrical energy provide and metering infrastructure. It sits totally behind the meter, making it an inexpensive and scalable resolution to broaden entry to photo voltaic globally.
“We’re thrilled to see the SolShare on this milestone undertaking unlocking an important a part of providing carbon-neutral residing in Florida,” stated Mel Bergsneider, Allume’s govt account supervisor. “We sit up for increasing photo voltaic entry to as many Floridian tenants whereas contributing to OUC’s net-zero vitality targets.”
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