rojects Deliver Clean Power and Significant Energy Savings for Community Centers
September 18, 2012 – Today Clean Focus Corporation, in collaboration with SunStream Partners, announced the completion of solar power projects totaling 834.5kW of clean, reliable solar photovoltaics at three YMCA locations in Somerset County, New Jersey. The three YMCA locations where the solar projects were deployed are located in Bridgewater, Hillsborough and Somerville, New Jersey. These solar projects deliver over 970,000 kWh of energy annually – the equivalent energy to power 65 homes.
Rooftop-mounted solar arrays were installed at the Hillsborough and Somerville YMCA facilities. A new carport structure was designed and constructed to facilitate solar deployment at the Bridgewater location.
“We’re very pleased to be outfitting the YMCA with clean, reliable solar energy,” noted Stanley Chin, president and CEO of Clean Focus. “By leveraging a solar power purchase agreement (PPA), the YMCA was able to eliminate the need for up-front capital investment.”
The Somerset County YMCA solar projects were deployed under a 15-year power purchase agreement (PPA) that delivers electricity at a predetermined, predictable price, providing a long-term hedge against rising power prices with no initial capital investment. All installations were completed and placed in service by Summer 2012. The projects were realized thanks to a $2.65 million construction loan to SunStream Somerset Valley, LLC – a partnership between SunStream Partners and Clean Focus.
Clean Focus Corporation works closely with independent developers and system integrators to develop, finance, own and operate large commercial, small utility, and municipal solar power installations across the United States and selectively throughout the Americas. Clean Focus fosters strategic partnerships with early stage developers and EPCs to achieve project-specific goals. Clean Focus provides flexible financing (long-term PPAs or leases) to accommodate a wide range of sites and offtakers (system hosts) and to satisfy complex stakeholder relationships. Founded in 2008 and headquartered in Silicon Valley, Clean Focus delivers reliable, speedy, highly competitive financing solutions for solar power projects. (www.cleanfocus.com)