...Clearloop breaks ground on solar farm financed by carbon offsets | Solar Builder
 

Clearloop breaks ground on solar farm financed by carbon offsets

solar financing offsets

Cleantech company Clearloop broke ground this week on 1-MW solar farm in Jackson, Tenn., which they claim is the first solar farm of its size in the United States directly financed by corporate carbon offsets. Clearloop’s solar farm will provide enough clean energy to power 200 homes, helping to clean up the Sun Belt’s fossil-fuel-dependent grid where less than one percent of electricity is currently sourced from solar power.

The Jackson solar farm, which will reclaim 60 million pounds of carbon, and will be financed by companies including Intuit, Vista Equity Partners, Coolperx, Dropps, Impact Snacks, Hello Bello, Patch, Aether Diamonds, Material Bank and individuals like singer-songwriter Jason Isbell, and children’s book author Stacy Clark.

“Clearloop’s multi-dimensional approach to bring both immediate impact and long-term economic growth to communities throughout the United States is why Intuit is so excited to support their project in Jackson today, and help them accelerate efforts across the country,” said Intuit Global Sustainability Leader Sean Kinghorn. “Our support for Clearloop extends beyond financial investment to ensure continued innovation in the areas of climate change, corporate responsibility, and community development—all which benefit our shared values and a healthier planet overall.”

“This solar project is the first utility-connected project in the United States directly financed by corporate carbon offsets, expanding equitable access to clean energy in communities getting left behind,” said Clearloop Co-Founder & CEO Laura Zapata. “If we’re going to meet our ambitious climate goals, we need to add more tools in the toolbox for companies of all sizes that want to cut their carbon footprint, accelerate the clean energy transition, and directly clean up the grid.”

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