(Greenwich, CT) – Altus Power Management announced the signing of a long-term solar Power Purchase Agreement (PPA) with the Mystic Seaport Museum in Mystic, CT. The 25-year PPA will help the Seaport offset a large portion of its electricity usage and reduce its carbon footprint. Mystic Seaport will receive the roof-mounted solar arrays at no cost and will achieve significant savings on its electricity bills.
Altus Power will finance, own and operate the system, which will be one of Connecticut’s largest. Connecticut is quickly becoming an especially desirable state for solar PPAs as a result of its innovative Zero Emission Renewable Energy Certificate (ZREC) program, which commences in the spring of 2012. This system, which will generate approximately 254,400 kilowatt-hours of electricity per year, will be installed by Real Goods Solar, one of the region’s most experienced solar integrators.
This deal adds another Connecticut project to Altus Power’s rapidly growing solar portfolio. Tom Athan, Managing Partner of Altus Power Management, said, “The Mystic Seaport is an important institution in Connecticut and we are pleased to be able to partner with it on this project.”
About Altus Power Management
Altus Power Management, LLC is an Old Greenwich, CT-based company that invests in, owns and manages clean energy projects. Its principals draw on their deep expertise in finance, construction, engineering and design to provide renewable energy and solar solutions to commercial and public sector clients. Visit www.altuspower.com for more information.
About Mystic Seaport Museum
Mystic Seaport: The Museum of America and the Sea is the nation’s leading maritime museum. Founded in 1929, Mystic Seaport has a 19th-century village, historic tall ships, a working preservation shipyard and many other attractions and activities. With over 300,000 people visiting annually, Mystic Seaport is an important Connecticut landmark.