Connecticut manufacturer goes solar (and finances partial reroof) via Greenskies PPA
Greenskies Clean Focus completed the installation of a 698.87 kW rooftop solar array for Lyman Products headquarters and manufacturing facility in Middletown, CT. Lyman anticipates this solar installation will satisfy an estimated ninety-six percent of the facility’s annual electricity needs. Lyman partnered with Greenskies to develop, finance, construct, own, operate, and maintain the system under a 25-year Power Purchase Agreement (PPA).
Under the agreement, Lyman pays no upfront costs and benefits from reduced energy rates, saving more than $328,000 over the term. Greenskies also financed a partial reroof for around forty percent of the facility. The 1,442 panels on Lyman’s rooftop will generate around 739 MWh of clean, renewable energy each year.
“Greenskies is proud to partner with Lyman to help them achieve their energy and sustainability goals,” said Stanley Chin, President and CEO of Greenskies Clean Focus. “This project is a wonderful example of how on-site solar can help manufacturers adapt to ESG requirements without compromising profitability.”
Lyman Products Connecticut facility features an extensive CNC machining center, a quality assurance department with state-of-the-art CMM equipment, and a robust R&D department. They specialize in high precision U.S. manufactured reloading equipment and other product lines that service the outdoor industry, law enforcement, and military.
“Lyman is very satisfied with our partnership with Greenskies,”said Rick Ranzinger, President and CEO of Lyman Products. “We are proud of the positive impact that this will have on the environment and the community in which we work. In addition, the energy savings will allow us to further invest in our people, equipment and technology that will allow us to grow and continue to contribute to the CT economy.”
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