(Greenwich, CT) – In the most recent Connecticut Light & Power (CL&P) Zero Emission Renewable Energy Credit (ZREC) auction, Altus Power was awarded eight bids in the highly competitive auction on July 17, 2012. Altus is pleased to comment that it was awarded every bid submitted to CL&P in the May 1, 2012 RFP process; six bids in the mid-size ZREC Auction and two bids in the large ZREC auction.
Altus Power has signed long-term Power Purchase Agreements (PPAs) with five entities in Connecticut that will benefit from ZREC funding: Mystic Seaport Museum, Winstanley / ESPN, Electro-Methods Inc., Newtown Schools, and Harwinton Schools. Altus power will finance, own, and operate all systems being constructed in Connecticut, adding a significant amount of solar power to Altus Power’s existing portfolio.
Altus Power has begun construction on the 212 kW system on the rooftop of the archives building at Mystic Seaport Museum. The system will generate approximately 275,000 kWh of electricity annually and will be installed by Vanguard Energy Partners, LLC, a top-ranked and nationally accredited solar installation company.
About Mystic Seaport
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.
Altus Power has financed a 412 kW solar system in South Windsor, CT, constructed by Vanguard Energy Partners, which is expected to be completed in early 2013. The solar array on Electro-Methods was awarded as 3 separate smaller projects through the Connecticut Light & Power ZREC auction in July. The power generated from the system will offset a large percentage of Electro-Methods annual electricity usage for the duration of the Power Purchase Agreement.
Electro-Methods is an aerospace manufacturer specializing in the fabrication of jet engine parts for military and commercial aircrafts, incorporated in Connecticut in 1965. The company is privately owned, contracts for the military and the largest aircraft engine manufacturers.
Altus Power is set to build an approximately 500 kW solar system on the rooftop of ESPN’s headquarters in Bristol, CT. The electricity generated will be distributed behind the meter directly to the facilities of ESPN. Winstanley Enterprises, owner of the building, will share the benefits of the clean energy produced by the solar system with ESPN.
ESPN, Entertainment and Sports Programming Network, is an American global cable television network specializing in sports-related programming. Founded in 1979, ESPN’s programs include live and recorded sports telecasts, sports talk shows, and other original sports-related programs. ESPN is the largest and most successful sports network in the world.
Altus Power is constructing a 179 kW solar system on the roof of the Newtown Middle School in Newtown, CT. The solar system is being constructed by Sound Solar Systems and is expected to produce over 200,000 kilowatt hours of electricity annually, reducing Newtown Middle School’s electricity usage significantly. Newtown Middle School is a public school run by the Newtown Board of Education.
Altus Power has signed a PPA and will soon begin construction to put 424 kW of solar on the roof top of Har-Bur Middle School in Burlington, CT. The system is expected to generate over 500,000 kW of energy annually, significantly reducing the school’s electricity usage. American Solar & Alternative Power will be constructing the system on Har-Bur Middle School, which is part of Connecticut Regional School District #10.
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.