Pivot Energy has organized a 1.45-MW group photo voltaic subscription with Continuum Companions, a Denver, Colorado-based actual property developer. The subscription will offset 110% of the electrical energy utilization at one in every of Continuum’s mixed-use business properties and can scale back power prices for eight of the constructing’s tenants.
“As we have fun our twenty fifth anniversary, we’ve been reinvigorated in our intention to include renewable power and different inexperienced initiatives into our initiatives,” mentioned Mark Falcone, CEO of Continuum. “Once we realized that Pivot is an authorized B-Company with established ESG objectives, we knew it could be the right like-minded accomplice to help our environmental objectives whereas serving to us present worth to our tenants.”
Continuum has explored inexperienced constructing growth methods since its founding 25 years in the past and made nationwide headlines in 2004 for its growth of Belmar, a mixed-use property that included recycled constructing supplies, onsite wind power and a 1.7-MW photo voltaic system, the most important business rooftop array within the western United States on the time of building.
“We’re all the time excited to work with fellow Colorado firms to increase the adoption of renewable power in our yard,” mentioned Matthew Brenn, director of enterprise growth at Pivot. “Continuum is setting a brand new normal for the actual property business with their subscription, and we hope that different builders rise to the problem.”
The group photo voltaic subscription will present roughly $390,000 in lifetime electrical energy financial savings to its business tenants. The property features a lodge, workplaces, outlets and an underground parking storage.
Information merchandise from Pivot Vitality