Colorado mixed-use property subscribes to community solar for 100 percent of its electricity needs
Pivot Energy announces a 1.45 MW community solar subscription with Continuum Partners, a prominent Denver-based real estate developer, that will offset 100% of the electricity usage at one of Continuum’s mixed-use commercial properties (1,800 tons of CO2 annually). The agreement will reduce electricity costs for eight of the building’s tenants.
“We are always excited to work with fellow Colorado companies to expand the adoption of renewable energy in our backyard,” said Pivot Director of Business Development Matthew Brenn. “Continuum is setting a new standard for the real estate industry with their subscription, and we hope that other developers rise to the challenge.”
In addition to the project’s sustainability benefits, the community solar subscription will provide roughly $390,000 in lifetime electricity savings to its commercial tenants.
The property, which includes a hotel, offices, shops, and an underground parking garage, is located south of Union Station on 16th and Wewatta in downtown Denver.
System costs and lack of viable rooftop space are often among the greatest barriers to solar adoption. The Pivot Energy community solar subscription presents a creative opportunity for Continuum to offer its commercial tenants the benefits of low-cost, renewable energy without having to install a single solar panel on the property.
Continuum has explored a range of green building development strategies since its founding 25 years ago. It 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.
“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 Continuum CEO Mark Falcone “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.”
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