Sustainability
In partnership with Pivot Energy, Foss & Company closed a 90MW portfolio of distributed generation solar projects across multiple states in the US. The portfolio will be comprised of over 40 solar projects. In addition to commercial & industrial (C&I) power purchase agreements (PPAs), clients include community solar subscriptions for commercial clients, residents, and nearly 1,200 low-to-moderate income (LMI) households. The portfolio exhibits strategic diversity across project types, client offtake arrangements and geographic reach with projects located in New York, Illinois, Colorado, Minnesota, California and New Jersey. PROJECT DETAILS LOCATION New York, Illinois, Colorado, Minnesota, California and New Jersey PROJECT FEATURES 90 MWdc portfolio
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The Hawaiian Electric Feed-In Tariff (FIT) program is designed to encourage the addition of more renewable energy projects in Hawaii. Pre-established FIT rates and standardized FIT contract terms provide an efficient way to sell renewable energy to the Hawaiian Electric, an investment rated utility. Solar projects in Hawaii generate both federal and state tax credits. Solar projects like these increase access to clean, affordable energy for households across the state of Hawaii. The energy generated from the Hawaii Utility Solar Portfolio is non-polluting, low cost, and will provide energy to thousands of Hawaiian residences. PROJECT DETAILS LOCATION Hawaii
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The Illinois community solar program provides Illinois residents with access to low cost renewable energy. By subscribing to our community solar projects, residents are able to get a guaranteed discount on their utility bills. In partnership with Summit Ridge Energy, Foss & Company closed on a tax equity investment for the portfolio – enabling the expansion of community solar in the state, and providing renewable energy to thousands of Illinois residents. The portfolio will receive Renewable Energy Credits from investment grade utilities. PROJECT DETAILS LOCATION Illinois
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The Maryland community solar program provides Maryland residents with access to low cost renewable energy. By subscribing to our community solar projects, residents are able to get a guaranteed discount on their utility bills. In partnership with Summit Ridge Energy, Foss & Company closed on a tax equity investment for this portfolio – enabling the expansion of community solar in the state, and providing renewable energy to thousands of Maryland residents. The portfolio will receive Renewable Energy Credits from investment grade utilities. PROJECT DETAILS LOCATION Maryland
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This portfolio has long-term contracts to sell electricity to Los Angeles Department of Water and Power (LADWP), the nation’s largest municipal utility (investment rated). Foss & company’s Los Angeles Solar Portfolio projects help LADWP to meet renewable energy targets and reduce the carbon footprint created by fossil fuel-burning power plants. Solar also brings economic benefits to LA as a catalyst for creating jobs and stimulating the green economy. These solar projects also support the reliability of LADWP’s power grid. They are considered “distributed generation” and function as mini power plants that generate energy right where it is used. PROJECT DETAILS LOCATION Los Angeles, CA
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Minnesota has long been the national leader for community solar, having more projects and capacity than any other state in the country. Our portfolio is the Xcel Energy’s territory, and provides low cost renewable energy to local Minnesota businesses and municipalities. By subscribing to our community solar projects, these organizations are able to purchase renewable energy without installing any solar panels on their own property – typically saving 10% on their electricity costs. PROJECT DETAILS LOCATION Minnesota
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A QF small power production facility is a Federal Energy Regulatory Commission (FERC)-approved electric generating facility of 80 MW or less whose primary energy source is renewable, biomass, waste, or geothermal resources. This Oregon Solar Utility Portfolio QF solar projects is able to sell electricity to Portland General Electric (investment rated) with long term fixed pricing. PROJECT DETAILS LOCATION Oregon
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In partnership with Portland General Electric, this portfolio included some of the first projects admitted into the Oregon Community Solar Program. The program enables commercial and qualified low-income residential customers to buy energy from local solar farms. The success of these projects has been an important step in Oregon’s clean energy future. PROJECT DETAILS LOCATION Oregon
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This 6.2 MW project is structured in two tranches: Tranche 1 will provide electricity to the grid through Rhode Island’s Renewable Energy (RE) Growth Program, and Tranche 2 will provide Community Solar electricity to local subscribers through Rhode Island’s Community Net Metering Solar Pilot Program. Covering approximately 12 acres, the system comprises approximately 15,800 solar panels. In partnership with Arcadia, a leading platform offering clean energy solutions to utility customers nationwide, this Community Solar project will offer clean energy and savings local Rhode Island residents. PROJECT DETAILS LOCATION Rhode Island
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Six Flags Discovery Kingdom was the first solar-powered theme park on the West Coast. In partnership with sPower, now part of AES’ US-based clean energy development business, and Borrego Solar Systems, Foss & Company closed on a tax equity investment for Six Flags Discovery Kingdom in Vallejo, California – enabling the park to become the first theme park on the West Coast to be powered by solar energy. As of now, 80 percent of Six Flags Discovery Kingdom’s energy usage is powered by the 7.5 megawatt solar carport – one of the largest solar carport installations in the US. PROJECT DETAILS LOCATION Vallejo, CA
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