PHOTO: ©STOCKSNAP FROM PIXABAY VIA CANVA.COM
PHOTO: ©STOCKSNAP FROM PIXABAY VIA CANVA.COM
Matthew Fazelpoor//November 20, 2024//
Brightcore Energy and Luminace announced a new, 6.6-megawatt portfolio of community solar projects here in the Garden State.
Eight commercial rooftops in the state, located in Fairfield and Montville, will receive installations.
Once operational, stakeholders expect the developments to generate nearly 8 megawatt hours of clean, sustainable electricity annually. In addition to the positive environmental impacts, the projects are also slated to provide clean energy benefits to low- and moderate-income residents, who will receive utility bill credits.
“We are thrilled to collaborate with Luminace to bring this project portfolio online,” said Mike Richter, president of Brightcore Energy. Based in Armonk, N.Y., the company is a leader in developing and implementing renewable energy solutions for the commercial and institutional market.
“Luminace is pleased to add the Brightcore Energy team to our strategic channel partnership network this year – and simultaneously announce the closing of our first portfolio of projects together,” said Brendon Quinlivan, CEO of Luminace, one of the largest decarbonization-as-a-service providers in the North America. “Serving our mutual C&I (commercial and industrial) and community solar customers with solutions that are catered to meet their decarbonization goals is a key priority for Luminace.”
“Beyond increasing the availability of clean, renewable energy, community solar offers the additional advantage of making this energy source accessible to commercial and residential customers who might not otherwise be able to utilize clean energy due to the suitability of their home or facility for solar installations,” said Richter.
“These latest New Jersey projects highlight the current market opportunity available for C&I landlords looking to enable sustainable economic value from their real estate assets,” said Quinlivan.