Delaware’s Motech Americas LLC, a subsidiary of Motech Industries, Inc., today announced that 1,430 of its U.S. manufactured 300-Watt solar panels, being installed at a leading Landover, MD baking facility, are contributing to the annual elimination of 869,000 lbs. of CO2 emissions, 1,405 lbs. of nitrogen dioxide emissions and 3,200 lbs. of sulfur dioxide emissions while reducing electricity costs by some $250,000. The system, at Gold Crust Baking Company, Inc. began construction in the fourth quarter of 2013 and will be fully operational in 2014. MOTECH Americas works to provide a global source of clean and renewable energy, and strives to create a sustainable environment for future generations.
“This is a valuable and responsible undertaking,” said Dave Holleran, Senior Manager of Module Sales for Motech Americas, “because of the significantly reduced environmental footprint that will result. Specifically, the project will have tangible environmental benefits, including the equivalent of 909,407 car miles not driven and 10,126 trees grown for 10 years.
“To accomplish the savings,” he added, “1,430 MOTECH 300-watt Solar PV Panels are being installed. This will provide Gold Crust Baking Company, Inc. with 545,000 kWh’s of clean electricity annually, and more than 10.3Mill kWh’s over the term of the Power Purchase Agreement. And, with the panels’ proven record of efficiency and long-term reliability, the savings are sure to offer Gold Crust Baking Company, Inc. and their surrounding communities many years of satisfaction.”
According to Chris D. Fraga, Founder & CEO of SolarSense LLC, who developed the project and owns and operates the Power Purchase Agreement, “Gold Crust Baking Company, Inc. has been committed to sustainability by purchasing wind-generated electricity from a third party supplier, and as their business expanded they wanted to further protect and preserve our planet for future generations. On-site Solar PV generation on their large, flat roof made sense as the next step. Due to their rapid growth, Gold Crust Baking Company, Inc. partnered with SolarSense to develop, finance, construct, own and operate the Solar PV System on a turnkey Power Purchase Agreement basis versus developing the system themselves. Based on SolarSense’s previous success with MOTECH Panels in other PPA projects, we selected MOTECH as the ideal panel supplier and partner.”
SolarSense channel partner NetGain Energy Advisors (http://www.netgainenergyadvisors.com/index.php) sourced the 1.6 MW project which will be fully engineered, designed and constructed by SPG Solar (http://www.spgsolar.com/), located in Petaluma, CA. Construction on the project will begin in Q1'14 and be completed in Q2'14. SPG Solar was selected as the logical EPC partner for the project, with over 100MW's and 1,500 client sites successfully installed. This project marks the second Solar PV development project between partners SolarSense and SPG Solar in CA, totaling 3.9MW's across 6 client sites.
Shamong, NJ - SolarSense Power Purchase Agreement (PPA) Client, Shamong Township of New Jersey, extols the benefits and savings realized since they installed solar arrays on select roofs of their township complex via an article placed in the Shamong Newspaper. Township Administrator, Sue Onorato, says “It’s been a great venture for the township and we’re happy with the savings we’ve seen so far.”
Following a competitively bid RFP process, Shamong selected SolarSense as their provider for a 15-year PPA and has been in live solar production since May 2012. SolarSense, the developer, financier, owner and operator of the PPA, reports lifetime solar production and savings for the Township of 112% vs. projected proforma results, which it attributes to the quality of Solar PV products utilized, engineering, design and construction services, and ongoing operations, maintenance and management of the project.
SolarSense celebrates our clients’ success, satisfaction and realization of benefits as they validate our customer value proposition: “Save Money. Be Sustainable. Give Back.”
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Alternative Energy Development Group (AEDG) congratulates its partner Bluestone Capital Management for their recognized success as a leading investment manager. Informa Investment Solution’s recognized Bluestone with their 3rd Quarter Top Gun Award for the firm’s Bluestone Elite Fund, a Top 5 performer in the US Equity ETF universe for its 3 year return.
Bluestone Capital Management and AEDG serve as General Partners in the P2A Clean Energy Fund, a $100MM clean energy fund providing Tax Equity, Equity and Fixed Income project financing for high quality Power Purchase Agreements in the US.
The PSN Top Gun Award
PSN Top Guns performance rankings are tabulated for thousands of strategies across 58 peer groups subdivided by increasingly rigorous screens. Bluestone Elite was a Top 5 performer in the US Equity ETF universe for its 3 year return. PSN, produced by Informa Investment Solutions, is one of the leading investment manager search and evaluation databases to be offered industry wide. PSN tracks more than 1,600 money management firms and over 7,000 investment products. Since 1984, firms included in PSN have been some of the major players of the investment management business. For more information regarding the Top Guns List, you may visit www.informais.com.
About Bluestone Elite
The Bluestone Elite strategy attempts to identify secular (long term) bullish and bearish trends in the market and to use tactical asset management to improve the risk adjusted return over a full market cycle. The strategy may utilize ETFs, equities, fixed income, mutual funds, and preferred securities for the purposes of portfolio construction. Please visit http://www.bluestonecm.com/