Pivot Energy has arranged a 1.45-MW community solar subscription with Continuum Partners, a Denver, Colorado-based real estate developer. The subscription will offset 110% of the electricity usage at one of Continuum’s mixed-use commercial properties and will reduce energy costs for eight of the building’s tenants.
“As we celebrate our 25th anniversary, we’ve been reinvigorated in our aim to incorporate renewable energy and other green initiatives into our projects,” said Mark Falcone, CEO of Continuum. “When we learned that Pivot is a certified B-Corporation with established ESG goals, we knew it would be the perfect like-minded partner to support our environmental goals while helping us provide value to our tenants.”
Continuum has explored green building development strategies since its founding 25 years ago and made national headlines in 2004 for its development of Belmar, a mixed-use property that incorporated recycled building materials, onsite wind energy and a 1.7-MW solar system, the largest commercial rooftop array in the western United States at the time of construction.
“We are always excited to work with fellow Colorado companies to expand the adoption of renewable energy in our backyard,” said Matthew Brenn, director of business development at Pivot. “Continuum is setting a new standard for the real estate industry with their subscription, and we hope that other developers rise to the challenge.”
The community solar subscription will provide roughly $390,000 in lifetime electricity savings to its commercial tenants. The property includes a hotel, offices, shops and an underground parking garage.
News item from Pivot Energy