Pivot Energy covers Colorado commercial property’s electricity with community solar
Spin energy has entered into a 1.45 MW community solar subscription with Continuum Partners, a Denver, Colorado-based real estate developer. The subscription covers 110% of electricity consumption in one of Continuum’s mixed-use commercial properties and reduces energy costs for eight of the building’s tenants.
“As we celebrate our 25th anniversary, we have been reinvigorated in our commitment to incorporating renewable energy and other green initiatives into our projects,” said Mark Falcone, CEO of Continuum. “When we heard that Pivot is a certified B-Corporation with set ESG goals, we knew it would be the perfect like-minded partner to support our environmental goals while helping us deliver value to our tenants.”
Continuum has researched green building development strategies since its inception 25 years ago, and in 2004 made national headlines for its development of Belmar, a mixed-use building featuring recycled construction materials, onsite wind energy and a 1.7 MW solar system, the largest commercial roof array in the western United States at the time of construction.
“We’re always excited to work with fellow Colorado companies to expand renewable energy adoption 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 other developers rise to the challenge.”
The community solar subscription provides approximately $390,000 in lifetime electricity savings for its commercial tenants. The property includes a hotel, offices, shops and an underground parking garage.
News item from Pivot Energy